U.S. Ten Forty Bonds Offer Tax Exemption and Flexible Terms
The notice touts U S ten forty bonds issued under the 1864 act as tax exempt at all levels, redeemable in coin after ten to forty years. Interest is paid semiannually in coin, with options for registered or coupon forms and for interest from March 1 or subscription date. Bonds can be purchased from $5 up, transferable, and convertible to cash at any time.
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