§61-4-7. Unauthorized currency; penalty.
If any person shall, without authority of law, issue any note
or other security purporting that money or other thing of value is
payable by or on behalf of such person, with intent thereby to
create a circulating medium, he shall be guilty of a misdemeanor,
and, upon conviction, shall be confined in jail not more than six
months and fined not more than five hundred dollars; and the
acceptance of any such note or security shall not operate as a
payment of any debt or claim due or to become due to the person so
accepting the same: Provided,
That nothing in this section shall
be so construed as to prevent the giving of checks, promissory
notes, single bills, bonds, orders, drafts or bills of exchange for
a debt or claim due or to become due.