 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 of the Commissioner of Banks - Page xxxixby Massachusetts. Division of Banks and Loan Agencies - 1902Full view - About this book
 | Alonzo Barton Hepburn - Coinage - 1903 - 692 pages
...such association actually paid in : Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered as money borrowed. SEC.... | |
 | Howard Irving Smith - Finance - 1903 - 560 pages
...one-tenth of the bank's capital. But the'discount of bills 0' .^change drawn in good faith against actual values and the discount of commercial or business paper actually owned by the person negotiating it is not considered as money borrowed. A national bank cannot loan money on or purchase shares of its... | |
 | John Melville Gould - Banking law - 1904 - 316 pages
...time exceed one-tenth part of the amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good...business paper actually owned by the person negotiating the same shall not be considered as money borrowed." Referred to in Briggs v. Spaulding, 141 US 132,... | |
 | Michigan. Banking Division - Banks and banking - 1904 - 422 pages
...actually paid in; but the discount of bills of exchange drawn in good faith against actually exlsting values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.° This provision, as found in our General Banking... | |
 | North Carolina, Thomas Brown Womack, Needham Y. Gulley, William R. Rodman - Law - 1905 - 1412 pages
...one-tenth part of the amount of the capital stock of such bank or banking institution actually paid in. But the discount of bills of exchange drawn in good...business paper actually owned by the person negotiating the same shall not be considered as money borrowed. This section shall not apply to banks with a paid-up... | |
 | United States - Law - 1905 - 1032 pages
...time exceed one-tenth part of the amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good...business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. [RS~\ Act of June 3, 1864, ch. 106, 13 Stat. L... | |
 | Michigan. Banking Division - Banks and banking - 1905 - 448 pages
...exceed one-tenth part of the amount of the capital and surplus of such hank; hut the discount of hills of exchange drawn in good faith against actually existing values and the discount of commercial or husiness paper actually owned hy the person negotiating the same shall not he considered as money horrowed:... | |
 | Agriculture - 1906 - 538 pages
...time exceed onetenth part of the amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good...business paper actually owned by the person negotiating the same shall not be considered as money borrowed. 111. Associations Must Not Hold Their Own Stock... | |
 | Harvey White Magee - Banking law - 1906 - 864 pages
...time exceed one-tenth part of the amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good...business paper actually owned by the person negotiating the same shall not be considered as money borrowed. 111. ASSOCIATIONS MUST NOT HOLD THEIE OWN STOCK.... | |
 | North Carolina. Corporation Commission - Banks and banking - 1906 - 112 pages
...one-tenth part of the amount of the capital stock of such bank or banking institution actually paid in. But the discount of bills of exchange drawn in good...business paper actually owned by the person negotiating the same shall not be considered as money borrowed. This section shall not apply to banks with a paid-up... | |
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