Actually, this is the Exihibit that attaches to my UCC-1 package:


Title 12, Chapter 3, Subchapter XII
Sec. 411. - Issuance to reserve banks; nature of obligation; redemption


<U>Federal reserve notes</U>, to be issued at the discretion of the Board of Governors of the Federal Reserve System <U>for the purpose of making advances to Federal reserve banks</U> through the Federal reserve agents as hereinafter set forth <U>and for no other purpose</U>, are authorized. The said notes <U>shall be obligations of the United States</U> and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. <U>They shall be redeemed in lawful money on demand at the Treasury Department of the United States</U>, in the city of Washington, District of Columbia, or at any Federal Reserve bank



Now all I have to do is add this:



Title 31, Subtitle III, Chapter 31, Subchapter II
Sec. 3124. - Exemption from taxation
(a) Stocks and <U>obligations of the United States Government are exempt from taxation by a State or political subdivision of a State</U>. The exemption applies to each form of taxation that would require the obligation, the interest on the obligation, or both, to be considered in computing a tax....


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