Page:United States Statutes at Large Volume 40 Part 1.djvu/521

 sixrr-F1FrH cosennss. sm. II. GH. 44. isis. 503 seventeen, entitled “An Act to authorize an additional issue of Bd{"“» P- 288·°m°“d` bonds to meet expenditures for the national security and defense, and, for the pur ose of assisting in the prosecution of the war, to P°~*’» P- 8** extend additional credit to fore? governments, and for other purposes," be, and is hereby, amen ed to read as follows: U _ asm _ "That the Secretary of the Treasury, with the approval of the tt4§”°° °°”°°“" President, is hereby authorized to borrow, from time to time, on the bolsfoug ,*;%§,‘;*;f*§g§DQ,•j credit of the United States for the purposes of this Act, and to meet ¢i<>¤¤1S¤¤¤ri¤y,etc. exlpenditgfles authorized gn tlgg iiatgonal security and defpnse and ot er u 'c oses authoriz y aw-, not exceedm` gin tie ag e- ate 1l)12,000l3010rl)),000, and to issue therefor bonds of the Unilid 2*-$@‘§i‘§f°“°“‘· States in addition to the $2,000,000,000 bonds already issued or ,,,·§§§‘ ml *° P‘*°’ offered for subscription under authority of the Act approved April MM. p- 35- twenty-fourth, nineteen hundred and seventeen, entitled ‘An ct to authorize an issue of bonds to meet expenditures for the national securit and defense, and, for the purpose of assisting in the prosecution ofy the war, to extend credit to foreign governments, and for {wreck in H I other purposes’: Provided, That of this sum $3,063,945 460 shall be ¤¤i£li°$4ln mst iiiiird in lieu of that amount of the unissued bonds authorized by sections l’°"‘”· one and four of the Act approved April twenty-fo1u·th, nineteen P Gumbo ds hundred and seventeen, $225,000,000 shall be in lieu of that amount Vlillil-.1tli2. ' section four hundred of the Act approved March third, nineteen hundred and seventeen. . mmm um t , "The bonds herein authorized shall be in such form or forms and imag. ’ '° °"° denomination or denominations and subject to such terms and conditions of issue, conversion, redemption, maturities, payment, and 1;,,,,,,,,,, 3, 4, W rate or rates of interest,_ not exceeding four and one—quarter per ¤¤¤¤- centum per annum, and time or times 0 payment of interest, as the Secretary of the Treasiiryqfrom time to time at. or before the issue Pa bl. RL thereof mayjprescribe. edprincipal and interest thereof shall be y° °m‘° payable in nited States gol coin of the present standard of value. lm ·· The bonds herein authorized shall from time tt time sat be tame °“°'°’°°*"“°‘ “ at not less than par as a popular loan, under such regulations, prescribed by the Secretary of the Treasmry from time to time, as will in his opinion give the people of the United States as nearly as ma be mm I mob an equal opportunity to participate therein, but he may make a.Hot· mcutimufiftittis. ment in fu upon a plications for smaller amounts of bonds in advance of any ate which he may set for the closing of subscriptions and may reject or reduce allotments upon later applications and applications for larger amounts, and may reject or reduce allotments upon applications rom incorporated banks and trust companies for their own account and make allotment in full or larger allotments to others, and may establish a graduated scale of allotments, and ma from time to time adopt any or all of said methods, should any such P,,,,,,,,_ action be deemed by him to be in the public interest: Provided, ,G¢¤·=¤¤ **1**** *0 ·1> That such reduction or increase of allotments of such bonds shall be P y' made under general rules to be prescribed by said Secretary and shall apply to all subscribers similar y situated. And any portion of the wIii?§£§ p'$iti$l°i.S°b` bon s so offered and not taken may be otherwise disposed of by the Amy md Navysm, Secretary of the Treasury in such manner and at such price or prices, ¤<=riz>¤¤¤¤· not than par, as he may determine. 'l`he Secretary may make special arrangements for subscriptions at not less than par from persons in the nnlitary or naval forces of the United States, but any onds issued to such persons shall be in all respects the same as other bonds of the same issue."