Time: Fri Feb 07 20:07:52 1997 by primenet.com (8.8.5/8.8.5) with SMTP id OAA26590; Sat, 8 Feb 1997 14:06:43 -0700 (MST) Date: Fri, 07 Feb 1997 20:01:16 -0800 To: snetnews@world.std.com From: Paul Andrew Mitchell [address in tool bar] Subject: SLS: Your tax dollars at work The "emergency" has been sustained capriciously, in order to justify the permanent bankruptcy (read "rolling rehypothecation"). Hypothecate. To pledge property as security or collateral for a debt. Generally, there is no physical transfer of the pledged property to the lender, nor is the lender given title to the property; though he has the right to sell the pledged property upon default. Moore v. Wardlaw. C.C.A.Tex., 522 S.W.2d 552, 554. See also Pledge; Rehypothecation. Rehypothecation. To pledge to another or to transfer to another a note, goods, or other collateral which have been already pledged, e.g. a broker may pledge securities pledged to him by a customer (under e.g. a margin account) to finance his borrowings from a bank. [Black's Law Dictionary, Sixth Edition] For some background, read the essay "The Two United States and the Law" by Howard Freeman, in the Supreme Law Library at URL: http://www.supremelaw.com /s/ Paul Mitchell At 02:58 PM 2/8/97 -0500, you wrote: > >-> SearchNet's SNETNEWS Mailing List > >I have the same question as Emmilene: >If the Constitution were suspended due to an Emergency, we would have martial >law, with the President having nearly absolute authority. When I wore the >uniform, we were told this would be a temporary situation if ever invoked. I >agree with your question. No one could ever explain to me how this "plan" >would work. It looks OK on paper - Martial law to restore law and order, >then back to civilian law. The nagging question for me is how do we make >sure the military government is held accountable to return power and not to >abuse power when they have it? I hope someone can explain this to me too. > >Ken > >-> Send "subscribe snetnews " to majordomo@world.std.com >-> Posted by: KWall65409@aol.com > > ==================================================================== [Text is usually formatted in Courier 11 non-proportional spacing @] [65-characters per line; .DOCs by MS-WORD for MS-DOS, Version 5.0B.] Paul Andrew Mitchell, B.A., M.S., email address: pmitch@primenet.com Web site for the Supreme Law Firm is URL: http://www.supremelaw.com Ship to: c/o 2509 N. Campbell, #1776, Tucson, Arizona state [We win] We can decode all your byte streams, spaghetti code notwithstanding. Coming soon: "Manifesto for a Republic" by John E. Trumane ie JetMan ====================================================================
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