 | Georgia - 1876 - 456 pages
...paid in ; but the discount of bills of exchange drawn in good faith, and the discount of commercial paper actually owned by the person negotiating the same shall not be considered as borrowed money. Semiannual SEC. VI. Be it furtlier enacted, That the Directors of said div1dends bank... | |
 | William Lyman Fawcett - 1877 - 288 pages
...exchange drawn m 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. (SEC. 5201.) No association shall make any loan or discount on the security of the shares of its own... | |
 | 1881 - 1014 pages
...capital stock paid in. But bills discounted bona fide against existing values, and discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money loaned. Under this section it has generally been held that when such loans have actually been made,... | |
 | United States - 1889 - 120 pages
...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>!c a k »etheir... | |
 | Nebraska - 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,... | |
 | Kentucky, Kentucky. General Assembly - 1890 - 1454 pages
...drawn in good faith against actually existing values, and the discount of commercial paper, or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. § 4. The share-holders of said bank may enter into articles of association, which may contain any... | |
 | Michigan. Banking Division - 1891 - 178 pages
...exchange drawn in good faith against actually existing values and the discount of commercial or business paper actually owned by the person negotiating the...considered as money borrowed: Provided, however, That the foregoing limitations proviso. shall not apply to loans upon real estate or other collateral securities... | |
 | South Dakota - 1891 - 388 pages
...upon produce in transit or in store as collateral security and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed. § 23. PENALTIES FOR VIOLATION OF ACT.] Any person or persons violating the provisions of this act.... | |
 | Michigan. Banking Division - 1892 - 330 pages
...exchange drawn in gcod faith against actually existing valnes and the discount of commercial or business paper actually owned by the person negotiating the...considered as money borrowed: Provided, however, That the foregoing limitations Proviso, shall not apply to loans upon real estate or other collateral securities... | |
 | George Mathewes Coffin - 1893 - 186 pages
...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. Examples Illustrating Excessive Loans and Such as are Not Excessive. There is probably no section of... | |
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paper actually owned by the person negotiating the same shall not be considered as money borrowed : * • • Provided, however, That by a two-thirds vote of directors, the liabilities to any bank of any person or company or corporation or linn may be... 
