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" to destroy the force and effect of the limitation Itself. The exceptions to which I refer relate to the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper, actually owned... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xxvii
by Michigan. Banking Division - 1926
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1892 - 330 pages
...such bank; but the discount of billa of exchange drawn in gcod faith against actually existing valnes and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed: Provided, however, That the foregoing limitations Proviso,...
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The Abridgment ... Containing the Annual Message of the President of the ...

United States. President - 1892 - 1136 pages
...actually paid in. But • tit of bills of exchange drawn in good faith against actually existing nés, and the discount of commercial or business paper actually owned by the on negotiating the same, shall not bo considered as money borrowed. is limitation is found to be wholesome...
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Hand-book for Bank Officers

George Mathewes Coffin - 1893 - 186 pages
...exceed one-tenth part of the amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same, shall not be considered as money borrowed. Examples Illustrating Excessive Loans and Such as are Not...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1894 - 344 pages
...such bank; but the discount of bills of exchange drawn in good faith againet actually existing valnes and the discount of commercial or business paper actually owned by the pereon negotiating the same shall not be coneidered as money borrowed; Provided, however, That the...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1895 - 352 pages
...such bank; but the discount of bills of exchange drawn in good faith againet actually existing valnes and the discount of commercial or business paper actually owned by the pereon negotiating the same shall not be considered as money borrowed; Provided, however, That the...
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Session Laws and Resolutions

North Carolina - 1897 - 836 pages
...part of the amount of the capital stock of such bank or banking association actually paid in. But the the discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same shall not be considered as money borrowed. SEC. 4. This act shall be in force from and after its ratification....
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Session Laws

Wyoming - 1897 - 188 pages
...thousand dollars, shall at no time exceed one-tenth part of the capital stock actually paid in. But the discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same, shall not be considered as money borrowed." SEC. 2. This act shall take effect and be in force from...
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Laws of the State of Wisconsin

Wisconsin - 1897 - 1354 pages
...time exceed fifteen per cent, of the amount of capital and surplus of such bank; but the discounting of bills of exchange, drawn in good faith against actually existing values, arid the discounting of commercial or business paper actually owned by the person negotiating the same,...
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Acts of the General Assembly of the State of New-Jersey

New Jersey - 1899 - 660 pages
...or commercial paper made by other parties and actually owned by the person negotiating the same; (2) The discount of bills of exchange drawn in good faith against actually existing values; (3) The discount of paper based on collateral security other than promissory notes, the actual market...
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The Laws of New Jersey Relating to Banks and Banking, Trust Companies and ...

James Brooks Dill, New Jersey. Department of Banking and Insurance - 1899 - 98 pages
...commercial paper made by other parties and actually owned by the person negotiating the same; (2.) The discount of bills of exchange drawn in good faith against actually existing values; (3.) The discount of paper based on collateral security other than promissory notes, the actual market...
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