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Old 02-11-2004, 01:41 PM
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suijuris suijuris is offline
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Join Date: Oct 2004
Location: South Carolina
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Re:Money & Banking Cites

"In the federal courts, it is well settled that a national bank has not power to lend its credit to another by becoming surety, endorser, or guarantor for him". Farmers and Miners Bank v. Bluefield Nat'l Bank 11F 2d 83, 271 U.S. 669



“The exercise of powers not expressly granted to national banks is prohibited”. First Nat. Bank v. Nat. Exchange Bank, 92 U.S. 122, 128; California Bank v. Kennedy, 167 U.S. 362, 367; Concord Bank v. Hawkins, 174 U.S. 364.



"checks, drafts, money orders, and bank notes are not lawful money of the United States". State v. Neilon, 73, Pac. 3211, 43 Ore. 168
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