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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