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" ... part of the amount of the capital and surplus of such bank; 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... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xv
by Michigan. State Banking Department - 1906
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Journal of the House of Representatives of the State of Michigan, Volume 3

Michigan. Legislature. House of Representatives - 1899 - 1006 pages
...lines 32 to 43 inclusive. By inserting in line 8 of section 52, after the word "borrowed" the words "Provided, however. That the foregoing limitations...other collateral securities authorized by this act." By striking out of line 16 of section 52, all after the word "approval" and all of lines 17. IS, 19,...
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Acts of the Legislature of the State of Michigan, Part 2

Michigan - 1899 - 704 pages
...the same shall not be considered as money borrowed: 1'rovided hotccver. That the fore- rrov»o. going limitations shall not apply to loans on real estate...collateral securities authorized by this act. Provided Further hoverer. That by a two-thirds vote of the directors the liabili- l'° ties of any bank of any...
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Annual Report of the Attorney General of the State of Michigan

Michigan. Department of Attorney General - 1903 - 172 pages
...increase the first named line by the bond or per- , sonal endorsement of the officers or director's of a firm, company or corporation, or by the assignment...authorized by this act. Provided however, That by a twothinii-' vote of the directors the liabilities of any bank of any person or company or corporation...
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Acts of the Legislature of the State of Michigan, Part 2

Michigan - 1905 - 754 pages
...corporation or firm for moneys advanced, including in the liabilities of the company or firm, the liabilities of the several members thereof, except special partners,...other collateral securities authorized by this act, and deposited with the bank : Provided, however, That by a twothirds vote of directors, the liabilities...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1905 - 448 pages
...paper actually owned hy the person negotiating the same shall not he considered as money horrowed: Provided however, That the foregoing limitations shall...real estate or other collateral securities authorized hy this act. Provided, however, That hy a two-thirds vote of the directors the liahilities of any hank...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1906 - 474 pages
...such bank ; but the discount of bills of exchange drawn in good faith against actually existing yalues and the discount of commercial or business paper actually...estate or other collateral securities authorized by tbis act. Provided, however, That by a two-tbirds vote of the directors the liabilities of any bank...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1906 - 500 pages
...paper actually owned hy the person negotiating the same shall not he considered as money horrowed : Provided, however. That the foregoing limitations...real estate or other collateral securities authorized hy this act. Provided, however. That hy a two-thirds vote of the directors the liahilities of any hank...
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Acts of the Legislature of the State of Michigan, Part 2

Michigan - 1907 - 652 pages
...owned by the person negotiating the same shall not be considered as money borrowed: Provided, hoioever. That the foregoing limitations shall not apply to...other collateral securities authorized by this act. and deposited with the bank, or a safety and collateral deposit company organized under the laws of...
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Public Acts of the Legislature of the State of Michigan Passed at the ...

Michigan - 1907 - 650 pages
...owned by the person negotiating the same shall not be considered as money borrowed : Provided, howcvcr. That the foregoing limitations shall not apply to...other collateral securities authorized by this act, and deposited with the bank, or a safety and collateral deposit company organized under the laws of...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1909 - 612 pages
...paper actually owned hy the lierson negotiating Ihe same shall not he considered as money horrowed: Provided, however, That the foregoing limitations...real estate or other collateral securities authorized hy this act: Provided, however. That hy a two-thirds vote of the directors the liahilities of any hank...
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