Lawful Money and the Bank

[allodial]

Now imagine if we had instead of fractionalizing banks, "Coin Keepers" that served as places for us to store lots of Silver/Gold coin..Quarters and Dimes too in bulk without any authorization for lending. Only transactional fees. That it was prohibited to actually lend out the coins or to do anything but to store and protect. That the facilities were managed by honest folk. That we could get receipts for storing coins and that our coins would be back there. And that we could assign the rights to the boxes back and forth. Gee this might be do-able without a banking license. A notary can be kept on hand to certify the contents of storage bin. That we could issue notes payable against the contents of the boxes.

Notaries Public in Florida have the authority to take acknowledgments, administer oaths, solemnize marriage, certify the contents of a safe-deposit box, certify the Vehicle Identification Number of a motor vehicle, and certify copies of non-recordable documents.

Certifying the Contents of a Safe-Deposit Box

....The law authorizing notaries to perform this function became effective on July 3, 1992, and is found in section 655.94(1), Florida Statutes.

Procedure for the Notary Public
The notary must be present at the time the safe-deposit box is opened and may not be a director, officer, employee, or stockholder of the financial institution. An officer of the institution must also be present with the notary at the opening of the safe-deposit box.

When the safe-deposit box is opened, the notary should inventory the contents of the box and should complete a certificate reciting the name of the lessee, the date of the opening, and a list of the contents. Florida law does not provide a form certificate.

Once the certificate is completed, copies should be made. The notary should place the original certificate in a package with the contents of the safe-deposit box and seal the package. The notary must then write on the outside of the package the name of the lessee and the date of the opening.

The notary should leave the sealed package and a copy of the certificate with the financial institution.

Imagine.