...salaries and fees of office. Instruments, however, issued by or on behalf of a state, binding it to pay money at a future day, for services actually received, or for money borrowed for present use, were declared not to be bills of credit, within the meaning of the constitution. (2.) No state can...

...The word 'emit,' is never employed in describing those contracts by which a State binds itself to pay money at a future day for services actually received, or for money borrowed for present nse ; nor are instruments executed for such purposes, in common language, denominated 'bills of credit.'...

...its interpretation to paper redeemable at a future day, in anticipation of the public resources, and intended to circulate through the community for its ordinary purposes as money. 770. The Constitution considers the emission of bills of credit, and the enactment of tender Laws,...

...present use. Nor are instruments csecutea W such purposes, in common language, denominated "bills of owl "To emit bills of credit," conveys to the mind the idea of issuing p1. per intended to circulate through the community, for its ordinary pi.' poses, as money; which paper...

...judgments, than in the definition of a bill of credit, which is thus given in the opinion, 4 Pet. 432: "To emit bills of credit conveys to the mind the idea...of issuing paper, intended to circulate through the commu[Brlscoe et al. v. The Commonwealth Bank of Kentucky.] nity, for its ordinary purposes, as money,...

...emit " is never employed in describing those contracts by which a state binds itself to pay nioney at a future day for services actually received, or...paper intended to circulate through the community, 4 Pet. 431. for its ordinary purposes, as money, which paper is redeemable at a future day. This is...

...word " emit" is never employed in describing those contracts, by which a State binds itself to pay money at a future day for services actually received,...paper, intended to circulate through the community for ordinary purposes, as money, which paper is redeemable at a future day. This is the sense, in which...

...word "emit" is never employed in de scribing those contracts, by which a State binds itself to pay money at a future day for services actually received,...bills of credit." To emit bills of credit, conveys tq the mind the idea of issuing paper, intended to circulate through the community for ordinary purposes,...

...for immediate use. Nor are instruments executed for such purposes denominated in common language " bills of credit." To emit bills of credit conveys to the mind the idea of issuing paper, redeemable at a future day, in anticipation of the public resources, and intended to circulate as money.*...

...M'Cord's R. 12 ; 2 Pet. R. 318 ; 11 Pet. R. 257. Bills of credit may be denned to be paper issued and intended to circulate through the community for its ordinary purposes, as money redeemable at a future day. 4 Pet. USR 410 ; 1 Kent Com. 407 ; 4 Dall. R. xxiii. ; Story, Const. §§...