...— In the 11linois act, subdivision 5, is as follows: "Is payable in currency or current funds; or designates a particular kind of current money in which payment is to be made." United States. — A municipal bond which bears a seal is regarded as a negotiable instrument. Mercer...

...the value given or the place where it is drawn, or the place where it is payable, or bears a seal, or designates a particular kind of current money in which payment is to be made. Furthermore, a note is payable on demand when it is thus stated, or is payable at sight or on presentation....

...an instrument is not affected by the fact that— "(5) It ie payable in currency or current funds or designates a particular kind of current money in which payment is to be made. The words 'currency,' 'current money,' or 'current funds' shall mean, such circulating media as are...

...any value has been given therefor ; or (3) Does not specify the place where it is drawn or the place where it is payable; or (4) Bears a seal ; or (5)...the consideration to be stated in the instrument. < SECTION 3088. An instrument is payable on demand: — (1) Where it is expressed to be payable on...

...any value has been given therefor ; or (3) Does not specify the place where it is drawn or the place where it is payable; or (4) Bears a seal; or (5) Designates a particular kind of curreut money in which payment is to be made. But nothing in this section shall alter or repeal any...

...provides that the validity and negotiable character of an instrument are not affected by the fact that it "designates a particular kind of current money in which payment is to be made." There have been two Missouri cases involving this point.6 In the Far well case the Supreme Court held...

...art. 6001—6), which declares the negotiability of an Instrument not affected by Its designation of a particular kind of "current money" in which payment Is to be made, the term "current funds" In a certificate of deposit assigned by the holder to a creditor, which sold...

...provides that the validity and negotiable character of an instrument are not affected by the fact that it designates a particular kind of current money in which payment is to be' made. If the gold clause is construed to mean payment in gold coin, as we maintain, the bonds are not rendered...

...the fact that : (1) it is not dated; or (3) does not specify the place where it is drawn or the place where it is payable; or (4) bears a seal; or (5) designates...current money in which payment is to be made. But this section does not alter or repeal any statute requiring in certain cases the nature of the consideration...

...provides that the validity and negotiable character of an instrument are not affected by the fact that it designates a particular kind of current money in which payment is to be made.74 And irrespective of statute it is generally held that bills or notes payable in a particular...