 | New Jersey. Court of Chancery - Law reports, digests, etc - 1880 - 942 pages
...following purposes, and no others." The two purposes that might be claimed to cover this mortage are, " second, such as shall be mortgaged to it in good faith...way of security for debts previously contracted;" "third, such as shall be conveyed to it in satisfaction of debts previously contracted in the course... | |
 | James M. Hiatt - United States - 1868 - 438 pages
...First. Such as shall be necessary for its immediate accommodation in the transaction of its business. Second. Such as shall be mortgaged to it in good faith...by way of security for debts previously contracted. Third. Such as shall be conveyed to it in satisfaction of debts previously contracted in the course... | |
 | Frederick Charles Brightly - Law - 1869 - 680 pages
...immediate accommodation in the transaction of POWCT "> hold .. , ° real estate. its business. II. Such as shall be mortgaged to it, in good faith, by way of security for debts previously contracted. III. Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of... | |
 | John Torrey Morse (Jr.) - Banking law - 1870 - 600 pages
...First. Such as shall be necessary for its immediate accommodation in the transaction of its business. Second. Such as shall be mortgaged to it in good faith...by way of security for debts previously contracted. Third. Such as shall be conveyed to it in satisfaction of debts previously contracted in the course... | |
 | Law - 1885 - 544 pages
...REAL ESTATE — REV. STAT., § 5137. — A national bank has the power to pnrchase such real estate as shall be mortgaged to it in good faith by way of security for debts previously contracted ; and if in order to secure the same debt it purchases other real estate not mortgaged to it, that... | |
 | Pennsylvania. Laws, statutes, etc - Law - 1873 - 1238 pages
...First, such as shall be necessary for its immediate accommodation in the transaction of its business ; second, such as shall be mortgaged to it in good faith...by way of security for debts previously contracted ; third, such as shall be conveyed to it in satisfaction of debts previously contracted in the course... | |
 | Iowa. Supreme Court - Law reports, digests, etc - 1874 - 776 pages
...First. Such as shall be necessary for its immediate accommodation in the transaction of its business. Second. Such as shall be mortgaged to it in good faith...by way of security for debts previously contracted. Third. Such as shall be conveyed to it in satisfaction of debts previously contracted in the course... | |
 | Isaac Grant Thompson - Law reports, digests, etc - 1875 - 840 pages
...any other purpose than as specified in this section." The second specified case in this section is, "such as shall be mortgaged to it in good faith by way of security for debts previously contracted." The law, therefore, says plainly — you shall not hold a mortgage for future loans, for that is another... | |
 | Isaac Grant Thompson - Law reports, digests, etc - 1876 - 842 pages
...without deciding it), that the second subdivision of section 28 of the national bank act, to wit: " Second, such as shall be mortgaged to it in good faith...way of security for debts previously contracted," relates only to real estate; yet there being no express prohibition we hold the mortgage valid, and... | |
 | William Lyman Fawcett - Finance - 1876 - 300 pages
...First. Such as shall be necessary for its immediate accommodation in the transaction of its business. Second. Such as shall be mortgaged to it in good faith...by way of security for debts previously contracted. Third. Such as shall be conveyed to it in satisfaction of debts previously contracted in the course... | |
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Second. Such as shall be mortgaged to it in good faith by way of security for debts previously contracted. 
