Federal Reserve Charter Extended Indefintely?Submitted by Reenie on Sat, 09/01/2012 - 19:31
Found this information at:http://gold-silver.us/forum/showthread.php?59281-Federal-Reserve-charter-is-up-for-renewal-in-2013
Posted by Ares
"There hasn't been a charter since 1927. It's been extended indefinitely.
Sec. 4 ... the said Federal reserve bank shall become a body corporate and as such ... shall have power: ... Second. To have succession for a period of twenty years from its organization unless it is sooner dissolved by an Act of Congress, or unless its franchise becomes forfeited by some violation of law. Federal Reserve Act of 1913 (P.L. 63-43, 38 STAT. 251, 12 USC 221).
However, this 20-year corporate life was changed to perpetual in 1927 by Act of Feb. 25, 1927 (44 Stat. 1234) as follows:
Second. To have succession after February 25, 1927, until dissolved by Act of Congress or until forfeiture of franchise for violation of law.
This is codified in the United States Code, 12 U.S.C. § 341. See
Anyone here care to comment ....... or is this just more disinformation?