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" Drafts may be bona fide bills of exchange drawn upon actual existing values within the meaning of the statute, though not accompanied by specific bills of lading in each case. It is sufficient if they are drawn against property previously consigned and... "
Annual Report - Page xx
by Michigan. Banking Division - 1905
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The N.Y. Weekly Digest of Cases Decided in the U.S. Supreme ..., Volume 18

Law reports, digests, etc - 1884
...capital. It is immaterial whether such bills are accompanied by a specific bill of lading in each case, or are drawn against property previously consigned and...proceeds of sales in the hands of the consignees. The board of directors passed a resolution forbidding defendant to discount his own notes. He disobeyed...
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 3

Irving Browne - National banks (U.S.) - 1889
...entirely immaterial whether such bills are accompanied by a specific bill of lading in each case, or are drawn against property previously consigned, and...proceeds of sales in the hands of the consignees. In either case the funds have already been provided by the drawer in the hands of the drawees to meet...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. State Banking Department - Banks and banking - 1906
...actual existing values within the meaning of the statute, though not accompanied by specific bills of lading in each case. It is sufficient if they are...the federal statute. The state and federal statute being identical in this particular, unquestionably the same rule would apply to a bank organized under...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. State Banking Department - Banks and banking - 1914
...be bona fide bills of exchange drawn upon actual existing values within the meaning of the statute, sufficient if they are drawn against property previously...the federal statute. The State and federal statute being identical in this particular, unquestionably the same rule would apply to a bank organized under...
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Annual Report of the Attorney General of the State of Michigan

Michigan. Department of Attorney General - 1903
...actual existing valuer within the meaning of the statute, though not accompanied by specific bills of lading in each case. It is sufficient if they are...the Federal statute. The State and Federal statute being identical in this particular, unquestionably the same rule would apply to a bank organized under...
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The Federal Statutes Annotated: Containing All the Laws of the ..., Volume 5

United States - Law - 1905
...statute, though not accompanied by specific bills of lading in each case. It is sullicient if they arc drawn against property previously consigned and existing...proceeds of sales in the hands of the consignees. Oswego Second Nat. Bank r. Burt, (188.4) !)3 NY 233, affirming (1882) 20 Hun (NY) 672. Assets of reorganized...
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Annual Report

Michigan. Banking Division - Banks and banking - 1906
...actual existing yalues witbin the meaning of the statute, though not accompanied by specific bills of lading in each case. It is sufficient if they are...proceeds of sales in the hands of the consignees." Tbis rule, of course, applies to the federal statute. The state and federal statute being identical...
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Annual Report

Michigan. Banking Division - Banks and banking - 1907
...actual existing values within the meaning of the statute, though not accompanied by specific bills of lading in each case. It is sufficient if they are...consignees." This rule, of course, applies to the federal statutn. The State and federal statute being identical in this particular, unquestionably the same...
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Annual Report

Michigan. Banking Division - Banks and banking - 1908
...the statute, though not accompanied by specific bills of lading in each case, It is sufficient it' they are drawn against property previously consigned...and existing either in its original form or in the sbape of proceeds of sales in the hands of the consignees," This rule, of course, applies to the federal...
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Annual Report

Michigan. Banking Division - Banks and banking - 1910
...actual existing values within the meaning- of the statute, though not accompanied by specific bills of lading in each case. It is sufficient if they are...course, applies to the federal statute. The State aud federal statute being identical in this particular, unquestionably the same rule would apply to...
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