HTML Preview Notice of Memorandum of Law Points and Authorities page number 1.
NOTICE OF MEMORANDUM OF LAW POINTS AND AUTHORITIES IN SUPPORT OF INTERNATIONAL BILL OF EXCHANGE
Page 1 of 15
NOTICE
NOTICE OF MEMORANDUM OF LAW-Points and Authorities in Support of
International Bill of Exchange
"Those who constitute an association nationwide of private,
unincorporated persons engaged in the business of banking to issue
notes against these obligations of the United States due them;
whose private property is at risk to collateralize the government’s
debt and currency, by legal definitions, a "national banking
association"; such notes, issued against these obligations of the
United States to that part of the public debt due its Principals
and Sureties are required by law to be accepted as "legal tender"
of payment for all debts public and private, and are defined in law
as "obligations of the United States", on the same par and category
with Federal reserve notes and other currency and legal tender
obligations." (Page 8)
RE: Item tendered for Discharge of Debt.
The instrument tendered to the bank and negotiated to the United States Treasury
for settlement is an “Obligation of THE UNITED STATES,” under Title 18USC
Sect.8, representing as the definition provides a “certificate of indebtedness ….drawn
upon an authorized officer of the United States,” (in this case the Secretary of the
Treasury)”issued under an Act of Congress” (in this case public law 73-10, HJR-192
of 1933 and Title 31 USC 3123, and 31 USC 5103) and by treaty (in this case the
UNITED NATIONS CONVENTION ON INTERNATIONAL BILLS OF
EXCHANGE AND INTERNATIONAL PROMISSORY NOTES (UNCITRAL) and
the Universal Postal Union headquartered in Bern, Switzerland).
TITLE 18 > PART I > CHAPTER 1 > Sec. 1. > Sec. 8.
Sec. 8. - Obligation or other security of the United States defined
The term ''obligation or other security of the United States'' includes all bonds,
certificates of indebtedness, national bank currency, Federal Reserve notes, Federal
Reserve bank notes, coupons, United States notes, Treasury notes, gold certificates, silver
certificates, fractional notes, certificates of deposit, bills, checks, or drafts for money,
drawn by or upon authorized officers of the United States, stamps and other
representatives of value, of whatever denomination, issued under any Act of Congress,
and canceled United States stamps.
The International Bill of Exchange is legal tender as a national bank note, or note of a
National Banking Association, by legal and/or statutory definition (UCC 4-105,
12CFRSec. 229.2, 210.2, 12 USC 1813) , issued under Authority of the United States