09-25-2005, 06:12 AM
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The Outta Commissiona
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Join Date: Oct 2004
Location: Florida Republic
Posts: 5,303
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Originally Posted by Jerseee
Montana,
I found this at a favorite website of mine. They explain it well.
"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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Big Gold nuggets, folks
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Originally Posted by Jerry Pitts
The whole system is based upon a 'presumption' that something was represented to have occurred which may or may not have occurred in the manner which has been represented.
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When the going gets weird, the weird turn pro - Hunter S. Thompson
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