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> Article 40
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III. The Reserve Bank |
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| 3.2 Power and Authority of Bank | ||
| Article 40- Liquidations and Seizures | ||
| 40.1 | Remedy for dishonor of Bank Instruments | |
| Whenever a Treasury, Bank, State, Corporation or some lesser entity is in dishonor of one or more instruments issued by the Bank, then the Bank shall have the full Judicial power and authority to seek immediate remedy to restore honor to its triple asset underwritten securities and currencies. | ||
| When such a lesser entity or entities refuses to acknowledge the supreme value and validity of the asset underwritten instruments of the Bank, then the Bank may issue a Bill of Liquidation to legally liquidate these entities and all the personal assets of any and all officers of these entities within seven (7) days upon service of the Bill of Assets Liquidation (B'AL) to the full amount of the original Bond value of the Bank Order or Bonded Court Order to the equivalent value described by the original Bonds submitted. | ||
| A Bill of Assets Liquidation may only be issued where the validity of the currency of the Bank and its instruments have been dishonored. | ||
| 40.2 | Value of Bill of Assets Liquidation (B'AL) | |
| Where a Court Order by a Supreme Court or lesser court has been Bonded by a Judge Seal Bond, Notary Seal Bond or General Seal Bond of thirty (33) Supreme Credits, then the Bill of Assets Liquidation shall be for the full value of thirty three billion (€33,000,000,000) in gold bullion or euro currency value equivalent. | ||
| Where an Order by the Bank or the Court is sealed by Four (4) Seals, then the full value of the Bill of Assets Liquidation shall be for one hundred and thirty two billion (€132,000,000,000) gold bullion or euro currency value equivalent. | ||
| 40.3 | Separate and full liability | |
| An agent entity that has dishonored the Bank means the Principal and all other agents are separately and fully liable for liquidation and seizure of all assets and personal assets of all officers to satisfy the full amount of the dishonor through the total of the original Bond to the Bank Order or Court Order. However, the Liquidation must commence with the agent and all the assets of its officers first before moving to liquidate any remaining agents and principal to satisfy the debt. | ||
| Where more than one party not directly related through agent-principal structure is also involved in the dishonor, including (but not limited to) attorneys, bar society, lesser banks and finance companies, debt collectors or some other commercial service, then each of these parties shall also be separately and fully liable for the full value of the injury and must be served with the same Bill of Assets Liquidation with their name listed and enjoyned to the injury. | ||
| 40.4 | Full immunity and one course of appeal | |
| The Bank enjoys full immunity from any and all prosecution, interference by any international entity, court or lesser body than the Supreme Court of One Heaven or Globe Union. Therefore, no court order, or instrument of any kind other than from a full tribunal of the Supreme Court of One Heaven or the Globe Union shall suspend a Bill of Liquidation. The only course of action open to a party named in a Bill of Liquidation is to honor the original financial instruments of the Bank within seven (7) days of service of the Bill of Liquidation. | ||
| Failure to fully honor the original instruments issued by the Bank within the seven (7) consecutive day deadline shall represent full and willing consent by the defendant to proceeding with Liquidation and the three (3) Offerings of B'AL. | ||
| 40.5 | Supreme Maritime Lien (B'AL See Debt) | |
| Upon the deadline of seven (7) days from being served a Bill of Assets Liquidation being passed, the entity and all personal assets of all officers of the entity shall be registered as ipso facto (as a matter and fact of law) having been lawfully liquidated with those still using and holding those assets unlawfully utilizing the property of the Bank. | ||
| If these assets are not surrendered to the bank within twenty four (24) hours after the deadline of seven (7) days from being served, the Bank shall issue an instrument to the value of the total debt known as a Supreme Maritime Lien, which places the entire debt as the highest possible international maritime lien against the entity owing the debt. | ||
| However, unlike a standard international maritime lien, a Supreme Maritime Lien is also a spiritual debt of dishonor against all spiritual forces, whether they be associated with the society or not--as an insult and dishonor against Heaven is a dishonor against all faiths in the world. | ||
| The Supreme Maritime Lien must then be lodged with international authorities, including notice given to appropriate police authorities of the debt and a copy served to the highest officer of the alternate society owing the debt. | ||
| The Supreme Maritime Lien may then be securitized into Liquidation Redemption Bonds, or simply sold as a complete debt that must be served and recovered according to the three offerings of B'AL as described by this article. | ||
| 40.6 | Liquidation Redemption Bond | |
| A Liquidation Redemption Bond is a securitized share of the lawful assets owed to the Bank by the Liquidation through the expiry of the Bill of Assets Liquidation. The value of a Liquidation Redemption Bond may not be less than one thousand Union sovereigns or equivalent currency and not more than one third the total value of the assets yet to be returned to the Bank. | ||
| The Bank may then sell these Liquidation Redemption Bonds on the open market for any debt collector, group of individuals, state or paramilitary force to lawfully collect these assets for the Redemption of fifty percent (50%) to a maximum of eighty (80%) percent of all lawfully seized assets. A Liquidation Redemption Bond shall expire no more than twenty four months after issue. | ||
| 40.7 | Use of Military or Mercenary Forces | |
| Where a Military or Mercenary Force is commissioned to collect the debt and Offerings of B'AL, a Notice of Marque and Reprisal must also be issued to legally protect the Military or Mercenary Force and ensure all action is legally immune by international law. | ||
| Where a Mercenary Force is conducting seizures, the comparable Military Forces of the alternate society must also be served notice of the lawful action including the issue of an Writ of Interdico (Interdict) not to provide any support or safe harbour to those whose assets are being seized. | ||
| 40.8 | Order of Liquidation and Seizure | |
| If the honor of any instruments of the Bank are dishonored, then it is not only the entity that dishonors the bank, but by default all the officers of the entity as well, whether they were party to the dishonor or not. | ||
| Therefore, a Bill of Liquidation shall lawfully seize all the personal assets of all officers of the entity, including but not limited to their homes, property, retirement and savings, insurances, bonds and any other assets before liquidating the assets of the entity. This shall be conducted according to the Order of Liquidation and Seizure as defined by this Article. | ||
| 1st Offering | ||
| The first Offering is the first series of liquidations and lawful seizures of assets as the result of the dishonor of a B'AL. Its formal title is the "1st Offering of B'AL". | ||
| During the 1st offering, all the personal assets, including official insurance bonds of the men and women directly involved in the dishonor of the Bank instruments must be liquidated and seized with these individuals rendered homeless, without any assets, title, nor safe harbour. When this is complete, this shall be the end of the 1st offering. | ||
| A person involved is defined as any individual of the alternate society who handled an instrument of the Bank, was named on any paperwork relating to the matter to which the Bank issued instruments, directed officials overseeing these individuals and any individuals providing direct protection, support or advice to these individuals and their behaviour. | ||
| Once the 1st offering commences, No order may be issued to cease the 1st offering, even if the alternate society seeks to remedy their unlawful behaviour until the 1st offering is completed. | ||
| At the conclusion of the 1st Offering of B'AL, the officials of the alternate society that have not been liquidated may issue a "Plea for Clemency and Forgiveness" to the Bank to terminate any further asset recovery on the condition that all unlawful actions by the alternate Society are reversed, the instruments are honored, recognition given and official diplomatic relations established. | ||
| If no "Plea for Clemency and Forgiveness" is forthcoming within seven (7) of pausing after the conclusion of the 1st offering, then the 2nd offering shall commence. | ||
| 2nd Offering | ||
| The second Offering is the first series of liquidations and lawful seizures of assets as the result of the dishonor of a B'AL. Its formal title is the "2nd Offering of B'AL". | ||
| Once the 2nd offering commences, No order may be issued to cease the 2nd offering, even if the alternate society seeks to remedy their unlawful behaviour until the 2nd offering is completed. | ||
| The 2nd offering shall see the liquidation and lawful seizure of all personal assets, insurance bonds of all remaining officers of the same level and same professional associations and networks of the alternate society involved in the dishonor, not already liquidated including the personal property of any individuals who have provided safe harbour or protection to these individuals. | ||
| The principal that a notice to agent is a notice to principal associated with the dishonor of the B'AL shall apply. The 2nd offering shall be completed when these individuals are rendered homeless, without any assets, title, nor safe harbour. | ||
| At the conclusion of the 2nd Offering of B'AL, the officials of the alternate society that have not been liquidated may issue a "Plea for Clemency and Forgiveness" to the Bank to terminate any further asset recovery on the condition that all unlawful actions by the alternate Society are reversed, the instruments are honored, recognition given and official diplomatic relations established. | ||
| Final Offering | ||
| The third and final series of liquidations and lawful seizures of assets as the result of the dishonor of a B'AL is called the "Final Offering of B'AL". | ||
| Once the final offering commences, No order may be issued to cease the final offering, even if the alternate society seeks to remedy their unlawful behaviour until the final offering is completed. | ||
| The final offering shall be the complete liquidation and seizure of all remaining assets of the entities of the alternate society involved in the dishonor until the complete value of the debt is paid. | ||
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