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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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Session Laws

South Dakota - Session laws - 1891
...against actual existing values or loans upon produce in transit or in store as collateral security and the discount of commercial or business paper actually...the same shall not be considered as money borrowed. § 23. PENALTIES FOR VIOLATION OF ACT.] Any person or persons violating the provisions of this act....
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Annual Report of the Secretary of the Treasury on the State of the Finances ...

United States. Department of the Treasury - Finance, Public - 1891 - 1022 pages
...paid in. But the discount of bille 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. This limitation is found to be wholesome in its general application, but recent event« indicate that...
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The Compiled Statutes of the State of Nebraska, 1881: With Amendments 1882 ...

Nebraska - Law - 1891 - 1278 pages
...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. SEC. 12. ("Deposits when insolvent.] — No bank, corporation, firm, or individual engaged in the banking,...
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Consolidated Statutes of Nebraska, 1891: Being a Compilation of All the Laws ...

Nebraska, Joseph Elliott Cobbey - Law - 1891 - 1382 pages
...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. 302. No bank, corporation, firm, or individual engaged in the banking, broker, exchange, or deposit...
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Journal of the Senate of the General Assembly, Part 37

Illinois. General Assembly. Senate - Illinois - 1891
...furtlier, "that the discount of bills o! exchange drawn in good faith, against actually existing values, and the discount of commercial or business paper actually owned by the person, firm, company or corporation negotiating the same, shall not he considered as prohibited by this section."...
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Laws of the United States Relating to Currency, Finance, and Banking from ...

United States - Banking law - 1891 - 309 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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Acts and Resolves Passed by the ... Legislature of the State of Maine

Maine - Law - 1891
...deposits. 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 party negotiating the same, shall not be considered as money borrowed. Sect. 9. The capital stock of...
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Annual Report

Michigan. Banking Division - Banks and banking - 1892
...such bank; but the discount of billa of exchange drawn in gcod faith against actually existing valnes 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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Annual Report

Michigan. Banking Division - Banks and banking - 1892
...discouat of bills of exchange drawn in good faith against actually existing values and the discouat of commercial or business paper actually owned by...Provided, however, That the foregoing limitations Provtao. shall not apply to loans upon real estate or other collateral securities authorized by this...
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The General Banking Laws of the State of New York: Including the Banking Law ...

New York (State) - Banking law - 1892 - 308 pages
...surplus; but the discount of bills of exchange drawn in good faith against actually existing values, or of commercial or business paper actually owned by...person negotiating the same shall not be considered as a part of any such loan or discount. 2. No such corporation nor any of its directors, officers, agents...
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