Preliminary documents needed include:
Affidavit of Service, “Proof of Service.”
Security Agreement cover sheet.
Actual and Constructive Notice to Lawrence H. Summers, Secretary of the Treasury.
Non-Negotiable Bill of Exchange to Summers, one with value indicated, one withoutdesignated amount for Summers to fill in.1.Make several copies of your presentment. Place the original, pristine (un-stapled and notwritten upon), in a safe place. Never part with your original for any reason to anyone. Makecopies and deal with them. Stamp as many as are necessary (depending upon how many peoplethey must be sent to) with the following text:
This presentment is accepted for value, with all related endorsements frontand back, in accordance with Uniform Commercial Code 3-419 and HouseJoint Resolution 192 of June 5, 1933; pre-paid; exempt from levy. ____________________________________________________ [Name][Date]
The Authorized Representative
Sign your name and date the stamp using blue ink. Send back to the Offeror(s) (the personswho sent you the presentment) with an Actual and Constructive Notice, “ACN-1,” informing theOfferor(s) that you have accepted the presentment for value, “Banker’s Acceptance,” and thateach Offeror has 72 hours per the Federal Truth In Lending Act, to withdraw the offer or hisfailure to notice you within the prescribed time constitutes a dishonor establishing you asundisputed Creditor and holder in due course of the presentment and all matters attached theretoand derived therefrom. Send by Certified or Registered Mail with 3
party proof of service.Ideally one should use an Affidavit of Service that is signed and notarially acknowledged by anon-party to the action and mailed by him with your entire package. Each recipient receives anoriginal Affidavit of Service with the package.2.Wait ten (10) days after sending off the first mailing to see if you receive from the Offeror anotice that the presentment/offer has been withdrawn (cancelled). If you receive such a notice itmeans that the matter is ended as if it had never occurred. What is most likely, however (untilthe system catches up with what is happening with this process), is that you will hear nothingfrom them. In such case, on the 10
day send out the following items to the appropriate parties by the specified means:a.Send a Bill of Exchange to Summers, executed for the amount you have placed on your Banker’s Acceptance of the Offeror’s dishonor and your status as Creditor and holder in duecourse. Some respected thinkers concerning this process advocate printing your Bill of Exchange on banker’s paper, certificate stock, since it is the commercial paper. Theargument against doing this is that it looks too much like a security, which might arousetheir ire, and regular 8½” X 11” white paper works quite well. It is also much easier to