Reconstruction Finance Corporation, ⅞ percent notes of series P, due Nov. 1, 1941, dated and bearing interest from Nov. 1, 1938, fully and unconditionally guaranteed both as to interest and principal by United States, which guaranty is expressed on face of each note, exempt both as to principal and interest from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority.

Tools