The tax law, as it stood, had this significant provision: "But not to include incorporated banks legally authorized to issue notes as circulation.
The only power they derived from corporation not granted to all citizens was to issue notes as money, and this power was not necessary to their business or essential to their profit.
These banks were authorized by the laws of several states to issue notes as money payable on demand, with no common system or methods of redemption, and varying in value according to the solvency of the banks issuing them.
Of the banks to which authority has been given to issue notes secured by bonds of the United States we may require the greatest moderation and prudence, and the law must be rigidly enforced when its limits are exceeded.
The Commercial Bank claimed an equal right with the Old Bank and even with the States to issue notes.
The other English banks consist of numerous joint-stock and private banks in London and the provinces, many of the provincial establishments of both kinds having the right to issue notes.
A few English banks, operating under old charters, issue notes to a limited extent, which circulate as money.
The Bank of Spain has the sole right to issue notes, which may equal five times its capital and must be protected by a 25 per cent.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "issue notes" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
