The Jacksboro Gazette (Jacksboro, Tex.), Vol. 66, No. 3, Ed. 1 Thursday, June 21, 1945 Page: 3 of 4
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Thursday, June 21, 1945
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THE 4ACKSB0110 GAZETTE
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Jack County Still Short $40,000 - Series E
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WHAT IS A SERIES E WAR BOND?
Definition—
A special type of registered bond issued and backed by the full faith and credit of the
United States Government designed for individuals.
Denominations—
$25, $50, $100, $500 and $1,000 maturity value.
Cost—
Sold on a discount basis at 75% of maturity value. A $25 bond costs $18.75, a $50 bond
costs $37.50, a $100 bond costs $75 and so on.
Date—
The bonds are dated as of the first of the month in which they are purchased.
Maturity—
The bonds mature at face value in 10 years from date.
Interest—
If held to maturity the bond yields 2.9% interest compounded semi annually. This is
the highest yield obtainable on any United States Government bond now being issued.
Who May Buy?—
Only individuals.
All Series E Bonds are registered in the name or names of the owners. They may be
registered in the name of one person, two persons as co-owners, or one person payable on
death to another person.
How Much Can An Individual Buy?—
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for each co-owner. Thus, a man may hold his limit and purchase m addition the limit for
his wife and each of his children, with him as co-owners respectively if he desn es.
Redemption Prior To Maturity-— ,,
In the event the holder wishes to redeem these bonds prior to the 10 year matunty, iey
may be cashed at any time after 60 days from date of issue The owner simply executes^the
request for payment form and presents them with proper identification to an> bank 01 post
office Banks make payment immediately. Post offices send the bonds to the Fedeial Re-
serve Bank for payment. A Series E Bond represents readily available cash for any emergency.
Who May Redeem The Bonds?—
Only the registered owner at or prior to maturity. In the case of co-owners either may
obtain payment by signing the form on the back of the bond.
What Happens If A Bond Is Lost?— ,
After signing the necessary papers to establish ownership and loss the holder can ob-
tain a new bond. Thus, there is so risk from fire, theft, or otherwise.
Can The Bonds Be Sold Or Pledged As Collateral?—
They can not be sold or pledged as collateral since they can only be redeemed by the
registered ^holder and are not transferable.
!Will These Bonds Fluctuate In Value According To Market Conditions? ,
No Series E Bonds can not be sold in the market. They are redeemable at fixed prices
by the Government. This scale of redemption values is printed on the bonds and it shows a
steady increase in value each 6 months after the first yeai tiom date of issuance.
How Is The Increase In Value Treated For Income Tax Purposes?—
~~ The increase in value may be reported as income currently as it accrues or all at one
time when the bonds are cashed iat or prior to maturity.
Further Details May Be Obtained—
From your bank or post office or local War Finance Committee.
Hull Chevrolet Co., Martin's Feed Store, Woody Service Sta.? E. C. Richards, Eades Motor Co.
Panhandle Ref. Co., Spears Drug Store, Western Auto Asso. Store? Akin’s Pontiac Quick Service
Jackshoro Motor Parts, Jackshoro Variety Store, O K Welders, City Drug Store, Texas Cafe
Modern Cleaners, Jackshoro Nat’l Bank, Peterson-Hayes, D. R. Sewell Lmhr.
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The Jacksboro Gazette (Jacksboro, Tex.), Vol. 66, No. 3, Ed. 1 Thursday, June 21, 1945, newspaper, June 21, 1945; Jacksboro, Texas. (https://texashistory.unt.edu/ark:/67531/metapth731176/m1/3/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Gladys Johnson Ritchie Library.