Apr 10, 2014 1:54 AM

NOTICE OF MEMORANDUM OF LAW-Points and Authorities in Support ofInternational Bill of ExchangeTITLE 31 , SUBTITLE III , CHAPTER 31 , SUBCHAPTER II , Sec. 3123. - Paymentof obligations and interest on the public debt(a) The faith of the United States Government is pledged to pay, in legal tender,principal and interest on the obligations of the Government issued under this chapter.—(b) The Secretary of the Treasury shall pay interest due or accrued on the public debt.""Those who constitute an association nationwide of private,unincorporated persons engaged in the business of banking to issuenotes against these obligations of the United States due them;whose private property is at risk to collateralize the government—sdebt and currency, by legal definitions, a "national bankingassociation"; such notes, issued against these obligations of theUnited States to that part of the public debt due its Principalsand Sureties are required by law to be accepted as "legal tender"of payment for all debts public and private, and are defined in lawas "obligations of the United States", on the same par and categorywith Federal reserve notes and other currency and legal tenderobligations." RE: Item tendered for Discharge of Debt.The instrument tendered to the bank and negotiated to the United States Treasuryfor settlement is an “Obligation of THE UNITED STATES,” under Title 18USCSect.8, representing as the definition provides a “certificate of indebtedness —.drawnupon an authorized officer of the United States,” (in this case the Secretary of the Treasury)