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" shall at no time exceed one-tenth part of the amount of capital stock of such association actually 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... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xxv
by Michigan. Banking Division - 1922
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 141

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1891
...association of any person, company, etc., should at no time exceed one-tenth part of the capital stock, but the discount of bills of exchange drawn in good faith against actually existing values, and of commercial or business paper actually owned by the person negotiating the same, is not to be considered...
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volume 1

United States. Congress. House - 1863 - 1178 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....
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The Merchants' Magazine and Commercial Review, Volume 51

1864 - 414 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....
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The Statutes at Large, Treaties, and Proclamations of the United ..., Volume 13

United States - 1866 - 906 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....
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The Voter's Text Book, Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 426 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....
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The Voter's Text Book: Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 438 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....
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Practical Information Concerning the Public Debt of the United States: With ...

William Adams Richardson - 1873 - 208 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....
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Practical Information Concerning the Public Debt of the United States: With ...

William Adams Richardson - 1873 - 192 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....
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Acts and Joint Resolutions

Iowa - 1874 - 148 pages
...Provided, That the dis- p rovlso count 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....
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The Century of Independence: Embracing a Collection, from Official Sources ...

1876 - 562 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....
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