 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 - Page xviiby Michigan. Banking Division - 1906Full view - About this book
 | William Adams Richardson - History - 1873 - 192 pages
...Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount of 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.... | |
 | GOVERNMENT PRINTING OFFICE - 1874
...J'rovidfd, Tbat the. discount of Ъопч-fäe bills of exchange drawn against actually existing values, and the discount of commercial or business paper actually owned by the person or persons, corporation, or lirm negotiating the same, shall not be considered as money borrowed. That... | |
 | Iowa - Law - 1874
...Provided, That the dis- p rovlso count of bona fide bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered money borrowed. SEC.... | |
 | United States - Law - 1917 - 706 pages
...bank or trust company, but the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually...person negotiating the same shall not be considered as borrowed money within the meaning of this section. r.,» req ,р^е pecierai reserve bank, as a condition... | |
 | Law reports, digests, etc - 1882 - 664 pages
...paid in. But the discount of bills of exchange drawn in good faith against actual existing values, and the discount of commercial or business paper actually...same, shall not be considered as money borrowed." US Rev. Stat., £ 5200. These drafts had no valid or legal inception until they were discounted and... | |
 | William Lyman Fawcett - Finance - 1876 - 270 pages
...paid in. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount on the security of the shares of its own... | |
 | Georgia - Law - 1876
...paid in ; but the discount of bills of exchange drawn in good faith, and the discount of commercial paper actually owned by the person negotiating the same shall not be considered as borrowed money. Semiannual SEC. VI. Be it furtlier enacted, That the Directors of said div1dends bank... | |
 | John Russell Hussey - United States - 1876 - 545 pages
...Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount of 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.... | |
 | William Lyman Fawcett - Finance - 1877 - 302 pages
...paid in. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount on the security of the shares of its own... | |
 | William Lyman Fawcett - History - 1877 - 292 pages
...paid in. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount on the security of the shares of its own... | |
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