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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 147
by Michigan. Banking Division - 1891
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Report of the Attorney General

Massachusetts. Attorney General's Office - 1919
...time exceed one fifth of such amount of the capital stock of the corporation as is actually paid up; but the discount of bills of exchange drawn in good...business paper actually owned by the person negotiating it, shall not be considered as money borrowed. .The total liabilities to any one such corporation of...
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Public Documents of Massachusetts, Volume 6, Part 1

Massachusetts - 1894
...part of such amount of the APPENDIX. liii capital stock of this corporation as is actually paid up. But the discount of bills of exchange drawn in good...the same, shall not be considered as money borrowed. SECT. 18. Such corporation may hold real estate suitable for the transaction of its business to an...
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volume 1

United States. Congress. House - 1863
...such association actually paid in: Provided, That the discount ofbona 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
...association actually paid in : Provided, That the discount of hona fide bills of exchange drawn agaiust actually existing values; and the discount of commercial or business paper, actually owned by the person or persous, corporation, or firm; negotiating the same, shall not he considered as money borrowed....
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The Voter's Text Book, Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 382 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....
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An Analytical Digest of the Laws of the United States: 1857-1869

Frederick Charles Brightly - 1869 - 680 pages
...such association actually paid in : Provided, That the discount of bond, fide bills of exchange drawn nsuls or by himself, if asked for upon or persons, corporation or firm negotiating the same, shall not be considered as money borrowed. 30....
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A Treatise on the Law Relating to Banks and Banking: With an Appendix ...

John Torrey Morse (Jr.) - 1870 - 542 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....
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Official Opinions of the Attorneys General of the United States: Advising ...

United States. Department of Justice - 1909 - 732 pages
...such liabilities shall in no event exceed thirty per centum of the capital stock of the association. But the discount of bills of exchange drawn in good...same, shall not be considered as money borrowed." Section 5202, Revised Statutes, enacts : " No association shall at any time be indebted, or in any...
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Acts of the State of Ohio

Ohio - 1873
...stock of such association actually paid in : Provided, that the discount of bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, company or firm negotiating the same, shall not be considered as iiiouey 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. SEC....
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