But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. Annual Report of the Commissioner of Banks - Page xxxixby Massachusetts. Division of Banks and Loan Agencies - 1902Full view - About this book
| Massachusetts - Massachusetts - 1894 - 760 pages
...members, shall at no time exceed one-fifth part of such amount of the APPENDIX. liii capital stock of this corporation as is actually paid up. But the discount...business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. SECT. 18. Such corporation may hold real estate... | |
| United States. Congress. House - United States - 1863 - 1180 pages
...such association actually paid in: Provided, That the discount ofbona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same, shall not be considered as money borrowed. "... | |
| Commerce - 1864 - 496 pages
...association actually paid in : Provided, That the discount of hona fide bills of exchange drawn agaiust actually existing values; and the discount of commercial or business paper, actually owned by the person or persous, corporation, or firm; negotiating the same, shall not he considered as money borrowed.... | |
| James M. Hiatt - United States - 1868 - 426 pages
...such association actually paid in: Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered as money borrowed. SEC.... | |
| Frederick Charles Brightly - Law - 1869 - 680 pages
...such association actually paid in : Provided, That the discount of bond, fide bills of exchange drawn nsuls or by himself, if asked for upon or persons, corporation or firm negotiating the same, shall not be considered as money borrowed. 30.... | |
| John Torrey Morse (Jr.) - Banking law - 1870 - 600 pages
...such association actually paid in : Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same, shall not be considered as money borrowed. SEC.... | |
| United States. Department of Justice - Attorneys general's opinions - 1909 - 732 pages
...such liabilities shall in no event exceed thirty per centum of the capital stock of the association. But the discount of bills of exchange drawn in good...business paper actually owned by the person negotiating the same, shall not be considered as money borrowed." Section 5202, Revised Statutes, enacts : " No... | |
| William Adams Richardson - History - 1873 - 192 pages
...such association actually paid in: Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same, shall not be considered as money borrowed. SEC.... | |
| Ohio - Session laws - 1873 - 622 pages
...stock of such association actually paid in : Provided, that the discount of bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, company or firm negotiating the same, shall not be considered as iiiouey borrowed.... | |
| William Adams Richardson - Banking law - 1873 - 208 pages
...such association actually paid in: Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same, shall not be considered as money borrowed. SEC.... | |
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