This detailed sample Promissory Note complies with Texas law. Adapt the language to fit your facts and circumstances. Available in Word and Rich Text formats.
This detailed sample Promissory Note complies with Texas law. Adapt the language to fit your facts and circumstances. Available in Word and Rich Text formats.
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All of the replica banknotes included in this set are printed on one side, like most original currency of the 19th century. The original 1939 $100 and $50 banknotes were known as "Texas Redback Currency" as they had a design printed on the reverse side which was highlighted with red ink.
The Republic would not accept city or store money for taxes, so Texas decided to print its own money. This money could only be used to pay taxes or other government debts you could not buy groceries or clothing with it. Because precious metal like gold and silver was scarce, the Republic did not produce any coins.
Because they did not like Lamar's Indian Policy, his worthless redbacks, and the rising debt. Why did Redbacks lose their value over time?the government cuts dropped the budget from Lamar's 4.8 million to a little more than 500,000.