 | 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. §11. Associations may be organized under this act in incorporated... | |
 | Massachusetts. Division of Banks and Loan Agencies - 1889 - 928 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...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... | |
 | 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 üwT¿t>!cak»etheir discount... | |
 | Nebraska - Session laws - 1889 - 724 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. ?ot a1 be t *re- an SEC. 12. No bank, corporation, firm or indin vidual engaged in the banking, broker,... | |
 | 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... | |
 | 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... | |
 | Michigan. State Banking Department - Banks and banking - 1914 - 748 pages
...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... | |
 | Michigan. Banking Division - Banks and banking - 1891 - 178 pages
...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... | |
 | Michigan - Law - 1891 - 486 pages
...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... | |
 | Michigan. Legislature - Michigan - 1891 - 1144 pages
...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... | |
| |
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. 
