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" 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 xvii
by Michigan. Banking Division - 1906
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The Revised Statutes of the State of Illinois: Embracing All Laws of a ...

Illinois - Law - 1889 - 2184 pages
...paid in. Hut 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. 11. Capital stock — impairment thereof. ž11. Associations may be organized under this act in incorporated...
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Annual Report of the Commissioner of Banks

Massachusetts. Division of Banks and Loan Agencies - 1889
...paid up. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually...negotiating the same, shall not be considered as money boiTowed. SECT. 18. Such corporation may hold real estate suitable for the transaction of its business...
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The National-Bank Act and Other Laws Relating to National Banks, from the ...

United States - Banking law - 1889 - 120 pages
...exchange drawn in good faith against actually existing values, and the discount of commercial от business paper actually owned by the person negotiating...the same, shall not be considered as money borrowed. nnM╗░il™╗p"n 79. (SEC. 5201.) No association shall make any loan or ŘwT┐t>!cak╗etheir discount...
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Laws, Joint Resolutions, and Memorials, Passed at the ... Session of the ...

Nebraska - Session laws - 1889
...bills of exchange drawn in good faith against actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed. ?ot a1 be t *re- an SEC. 12. No bank, corporation, firm or indin vidual engaged in the banking, broker,...
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Extracts from the Laws of the United States Relating to Currency and Finance

United States - Finance, Public - 1889 - 90 pages
...Provided, that the discount of bond 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. [Section...
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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 - 470 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...same, shall not be considered as money borrowed." This provision, as found in our General Banking Law and also in the National Banking Law, has never...
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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
...paper. The borrower may be the maker or the endorser. Pratt's Digest, 94. Our statute provides that in the discount of commercial or business paper actually owned by the person negotiating the same, it shall not be considered as money borrowed. The application of this provision, in my opinion, relates...
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Annual Report, Volume 2

Michigan. Banking Division - Banks and banking - 1891
...such bank; but the discount of bills of exchange drawn in good faith against actually existing values and the discount of commercial or business paper actually...Provided, however, That the foregoing limitations proviso, shall not apply to loans upon real estate or other collateral securities authorized by this...
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Public Acts and Joint and Concurrent Resolutions of the Legislature of the ...

Michigan - Law - 1891
...such bank; but the discount of bills of exchange drawn in good faith against actually existing values and the discount of commercial or business paper actually...shall not be considered as money borrowed: Provided, iiwiw. however, That the foregoing limitations shall not apply to loans upon real estate or other collateral...
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Joint Documents ... for the Year ..., Part 1

Michigan. Legislature - Michigan - 1891
...such bank; but the discount of bills of exchange drawn in good faith against actually existing values and the discount of commercial or business paper actually...shall not be considered as money borrowed: Provided, howc-ver, That the foregoing limitations shall not apply to loans upon real estate or other collateral...
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