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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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Acts of the legislature of west virginia

1901
...profits. 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. The corporations mentioned in this section shall not be construed to mean municipal corporations, districts...
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Acts and Resolves Passed by the General Court of Massachusetts

Massachusetts - Session laws - 1901 - 944 pages
...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...the same, shall not be considered as money borrowed. SECTION 2. This act shall take effect upon its passage. Approved April 5, 1901. CViOp.256 AN ACT MAKING...
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Reports of Cases Determined in the Appellate Courts of Illinois, Volume 93

Illinois. Appellate Court, Martin L. Newell, Mason Harder Newell, Walter Clyde Jones, Keene Harwood Addington, James Christopher Cahill, Basil Jones, James Max Henderson, Ray Smith - Courts - 1901
...faith against actually existing values, and the discount of VOL. 93.] Murry Nelson & Co. v. Leiter. commercial or business paper actually owned by the...person negotiating the same, shall not be considered as borrowed monev." Starr & Curtis' Stat., Chap. I6u, entitled " Banks," Sec. 13. It appears from Mr....
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Report of the Corporation Commission

North Carolina. Corporation Commission - Corporations - 1902
...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 less....
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Report of the Corporation Commission

North Carolina. Corporation Commission - Corporations - 1916
...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. This section shall not apply to banks with a paid-up capital of one hundred thousand dollars or less....
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Report of the Corporation Commission

North Carolina. Corporation Commission - Corporations - 1899
...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 owned by the |*-rson negotiating the same shall not be considered as money borrowed : Provitinl, this section shall...
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Munitions Industry: September 4-6, 1934. Electric Boat Co

United States. Congress. Senate. Special Committee to Investigate the Munitions Industry - Firearms industry and trade - 1937
...not to apply to discounts 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. In reply you are informed that this office has been advised by counsel that governments are not "corporations"...
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Trust Companies, Volume 24

Trust companies - 1917
...their capital and surplus. But the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually...owned by the person negotiating the same shall not IM> considered as borrowed money within the meaning of the section. Other regulations relate to impairment...
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Trust Companies, Volume 18

Trust companies - 1914
...surplus, if such liabilities are upon drafts or bills of exchange drawn against existing values, or upon commercial or business paper actually owned by the person negotiating the same, and are endorsed by such person without limitation; or if such liabilities in excess of ten per centum...
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Public Laws and Resolutions of the State of North Carolina Passed by the ...

North Carolina - Session laws - 1897
...in. But the 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. 4. This act shall be in force from and after its ratification. Ratified the 6th day of March,...
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