The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-07-17
SUBSCRIPTION FOR BONDS
INSTALLMENT PLAN

81 l. d
Acting under authorization of the
Industrial Commission and in response
to inquiries of a number Of persons
who have asked the privilege of sub
scribing for five per cent bonds Of the
State of North Dakota, Bank Series
on the installment plan, The Bank of
North Dakota announces that it will
receive subscriptions for bonds paya-
BILE in installments which may be made
in the following manner: .s>
1. The regular subscription blank,
Form No. 306, may be used for this
purpose by adding the words payable
in installments as per Circular No. 8"
at the end Of the first paragraph.
2. Such installments shall be pay
able as follows: 12h per cent with the
subscription, 10 per cent in 80 days,
20 per cent in so days. 80 per cent in
80 days and 80 per cent in 12O days
from the date Of subscription with in
terest at s per cent on deferred pay
ments. Tie 12h per cent payable at
the time Of the subscription includes
the 24 per cent premium on the
bonds.
8. The difference between the s
per cent. TO be paid on the deferred
payments and the per cent to be re-
ceived on the bonds, to-Wit: per cent
or total Of 22c for the 12O days on
a $4,000 purchase, will pay a portion
Of the costs involved in handling the
deferred payments, the remainder Of
the costs to be absorbed by the bank.
The bonds may be carried by the bank
as collateral to the note of the SUBJ
scriber.
4. It is desirable that subscriptions
for bonds, either for cash payment or
by purchasing on installments, be
made as expeditiously as possible so
that the bonds to be purchased with
in the State of North Dakota may be
allotted at an early date and that the
remainder Of the bonds Of this issue
may be offered for sale outside the
state. Those who intend to subscribe
for bonds are asked to do so at the
earliest possible date in order that
all bonds may be placed on the market
at an early date.
5. Patriotism and the spirit of CO.
operation in starting this new Bank
in q safe. sound and solvent condition
and the desire to assist in starting
the bank off as the big institution it
ought to be, should enlist free,
hearty and ready response on the part
Of the citizens Of the state; and there
ought to be at least half million of
bonds purchased in North Dakota,
which means there ought to be 1000
purchasers, or an average Of about
20 to each county, who are willing to
subscribe for an average Of $5OO.QO
each. .s
s. Bonds due July 1, 1929, are in
denominations Of $4,000, $4,000 and
$4,000 each. Bonds due July 1, 1884
are in denominations Of 100000 each.
All bear interest at per cent from
July 1, 1919, payable semi-annually
on January 1st and July 1st Of each
year, and are exempt from state, coun-
" and municipal taxes Of any and
all kinds. 81
Z. The bonds are backed by the faith
and integrity Of the whole State Of
North Dakota and the property value
of the State and Of all Of its citizens,
estimated by the Tax Commissioners
to be two billions Of dollars. They
represent loan On behalf Of the state
Of $1.OO for every $1,O0O.O0 we are
worth.
8. IF registered bonds are prefer
red to- coupon bonds, please SO indicate
81 your subscription blank. ln the
case Of registered bonds the interest
win Be paid only to the person IA
whose name the bond stands On the
books 81 The, Bank 81 North Dakota,
and the ownership of registered bonds
can BE transferred only by having the
transfer made on the books Of the
bank. Registered bonds ne not ne
rotiable by hand to hand delivery and
are consequently not subject 70 theft
81 burrlaxy. However, = nominal fee
rs x1qri1ed, probably $1.00 pers bond.
fo Gla 10 tion or q
q & 8 tion N. Cathlo, director
II