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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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Annual Report of the North Carolina Corporation Commission for the Year ...

North Carolina. Corporation Commission - Corporations - 1901 - 614 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...shall not be considered as money borrowed: Provided, this section shall not apply to banks with a paid up capital of one hundred thousand dollars or lesa...
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Public and Local Acts of the Legislature of the State of Michigan, Part 2

Michigan - Session laws - 1899
...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...the same shall not be considered as money borrowed: 1'rovided hotccver. That the fore- rrov»o. going limitations shall not apply to loans on real estate...
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Journal of the House of Representatives of the State of Michigan, Volume 3

Michigan. Legislature. House of Representatives - Legislative journals - 1899
...lines 32 to 43 inclusive. By inserting in line 8 of section 52, after the word "borrowed" the words "Provided, however. That the foregoing limitations...estate or other collateral securities authorized by this act." By striking out of line 16 of section 52, all after the word "approval" and all of lines...
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The American State Reports: Containing the Cases of General Value ..., Volume 67

Abraham Clark Freeman - Law reports, digests, etc - 1899
...in; provided, that the discount 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." As the...
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The American State Reports: Containing the Cases of General Value ..., Volume 67

Abraham Clark Freeman - Law reports, digests, etc - 1899
...in; provided, that the discount 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." As the...
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Lawyers' Reports Annotated, Book 45

Law reports, digests, etc - 1899 - 934 pages
...provided: that the •discount 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." As the...
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Combined Kansas Reports

Kansas - Kansas - 1900
...values or loans upon produce in transit, or upon warehouse or elevator receipts as collateral security, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. The bank commissioner may, at any time, order any excess loan reduced to the legal limit within sixty...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - Banking law - 1900 - 866 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. PURCHASE OF ITS OWN STOCK.— No association shall make any loan or discount on the security...
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Ohio Corporations Other Than Municipal: As Authorized by the Old and New ...

Abraham Titus Brewer, Gustav Adolf Laubscher - Corporation law - 1900 - 713 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 money borrowed. 76 OL...
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General Laws of New York: Containing All Amendments to the Close ..., Volume 3

New York (State) - Law - 1900
...thereon, nor to the discount of bills of exchange drawn in good faith against actually existing values, or of commercial or business paper actually owned by the person negotiating the same, provided, however, that such loans or discounts on such collateral, or such discount of bills of exchange...
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