wade,

ner

1alc0

life

horwith


vol”

to 8

es),
4 in

Jef

nts

and

NTO”

50

{ter
per
pli-T
 8

any
full
2d),
all
pal
10)
as

AM

ns’

yut

or
ad

ler
in

as
or
on

y
a

APPENDIX

oan to the veteran by such person or any other person,
Such naming shall be void. Any person who accepts an
BSSignment of a certificate or receives a certificate as
curity for a loan contrary to the provisions of this
title, or who makes a loan to a veteran in consideration
of the naming by the veteran of such person or any other
Person as beneficiary, shall be guilty of a misdemeanor
ind shall upon conviction thereof be fined not more than
$500 or imprisoned not more than one year, or both.
DEPOSITS OF UNITED STATES BONDS OR NOTES IN
LIEU OF SURETY
Section 1128 of the Revenue Act of 1928

Sec. 1126. Wherever by the laws of the United States
Or regulations made pursuant thereto, any person is
fequired to furnish any recognizance, stipulation, bond,
Suaranty, or undertaking, hereinafter called “penal
bond,» with surety or sureties, such person may, in lieu
of such surety or sureties, deposit as security with the
0fficig] having authority to approve such penal bond,
United States Liberty bonds or other bonds or notes of
the United States in & sum equal at their par value to
the amount of such penal bond required to be furnished,
together with an agreement authorizing such official to
Collect, or sell such bonds or notes so deposited in case of
“y default in the performance of any of the conditions or
Stipulations of such penal bond. The acceptance of such
United States bonds or notes in lieu of surety or sureties
quired by law shall have the same force and effect as
Wdividual or corporate sureties, or certified checks, bank
drafts, post-office money orders, or cash, for the penalty
Or amount of such penal bond. The bonds or notes
deposited hereunder and such other United States bonds
Or notes as may be substituted therefor from time to
time as such security, may be deposited with the Treasrer
 of the United States, a Federal reserve bank, or other
depositary duly designated for that purpose by the Sec-‘etary,
 which shall issue receipt therefor, describing such
bonds or notes so deposited. As soon as security for the
Performance of such penal bond is no longer necessary,
Such bonds or notes so deposited shall be returned to the
depositor: Provided, That in case a person or persons
Supplying a contractor with labor or material as provided

103