 | Minnesota - 1883 - 882 pages
...restriction however the last clause of this section makes two exceptions and only two. First — " The discount of bills of exchange drawn in good faith against actually existing values." Second — " The discount of commercial or business paper actually owned by the person negotiating... | |
 | 1891 - 1170 pages
...part of the amount of the capital stock of midi association actually paid in. But the discount of the bills of exchange drawn in good faith against actually existing values, and the discount of business or commercial paper actually owned by the person negotiating the same, shall not be considered... | |
 | Vermont. General Assembly. Senate - 1886 - 416 pages
...consent of a majority of the directors; provided that the discount of dona fide bills of exchange, drawn against actually existing values and the discount of commercial or business paper, actually owned by such director, officer or employe negotiating the same, shall not be considered as money borrowed;... | |
 | John Torrey Morse (Jr.) - 1888 - 712 pages
...exceed one tenth part of the amount of the capital stock of such association actually paid in.3 But the discount of bills of exchange drawn in good faith against actually existing values, and the 1 § 128. Kansas Valley Bank v. Rowell, 2 Dill. 371. 2 § 129. » See Ultra vires, Legislative Intent.... | |
 | Nebraska - 1889 - 724 pages
...or corporation exceed fifty (50) per cent. of the paid up capital of" said bank or corporation. But the discount of bills of exchange drawn in good faith...actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed.... | |
 | United States - 1889 - 120 pages
...capuns'ofexcî'mn!ïefi^al Ktoc^ of such association actually paid in. But the dis etc., not » loan. connt of ijiiis of 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... | |
 | Maine - 1891 - 966 pages
...the capital stock of this corporation as is actually paid up, and one-tenth part of its deposits. But the discount of bills of exchange drawn in good faith...commercial or business paper actually owned by the party negotiating the same, shall not be considered as money borrowed. Sect. 9. The capital stock of... | |
 | Nebraska - 1891 - 1278 pages
...or corporation, exceed fifty (50) per cent of the paid up capital of said bank or corporation. But the discount of bills of exchange drawn in good faith...actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed.... | |
 | Nebraska, Joseph Elliott Cobbey - 1891 - 1382 pages
...or corporation, exceed fifty (50) per cent of the paid up capital of said bank or corporation. But the discount of bills of exchange drawn in good faith...actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed.... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1892 - 770 pages
...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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... per centum of the unimpaired capital and surplus of said bank ; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. 
