Time: Wed Nov 13 14:32:22 1996 To: libertylaw@www.ultimate.org From: Paul Andrew Mitchell [address in tool bar] Subject: Lawful Money Cc: Bcc: Is this the Federal Reserve Act, as amended and codified? /s/ Paul Mitchell At 12:01 PM 11/13/96 U, you wrote: >======================================================================= >LIBERTY LAW - CROSS THE BAR & MAKE YOUR PLEA - FIRST VIRTUAL COURT, USA >Presiding JOP: Tom Clark, Constable: Robert Happy, Clerk: Kerry Rushing >======================================================================= >something for your enjoyment... > >UNITED STATES CODE > TITLE 12 - BANKS AND BANKING > CHAPTER 2 - NATIONAL BANKS > SUBCHAPTER IX - FORMATION OF ASSOCIATIONS TO ISSUE GOLD >NOTES > > > >Sec 152. Lawful money reserve of associations issuing gold notes; receiving >notes of other associations > >Every association organized under section 151 of this title shall at all times >keep on hand not less than 25 per centum of its outstanding >circulation, in gold or silver coin of the United States; and shall receive at >par in the payment of debts the gold notes of every other such association >which at the time of such payment is redeeming its circulating notes in gold >coin of the United States, and shall be subject to all the provisions of title >62 of the Revised Statutes: Provided, That, in applying the same to >associations organized for issuing gold notes, the terms ''lawful money'' and >''lawful money of the United States'' shall be construed to mean gold or >silver coin of the United States; and the circulation of such associations >shall not be within the limitation of circulation mentioned in title 62 of the >Revised Statutes. > >Have fun > >John Edward > > >
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