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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. "
Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ... - Page 227
by William Lyman Fawcett - 1876 - 270 pages
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Reports of Cases Determined in the Appellate Courts of Illinois, Volume 93

Illinois. Appellate Court, Martin L. Newell, Mason Harder Newell, Walter Clyde Jones, Keene Harwood Addington, James Christopher Cahill, Basil Jones, James Max Henderson, Ray Smith - 1901 - 728 pages
...faith against actually existing values, and the discount of VOL. 93.] Murry Nelson & Co. v. Leiter. commercial or business paper actually owned by the...person negotiating the same, shall not be considered as borrowed monev." Starr & Curtis' Stat., Chap. I6u, entitled " Banks," Sec. 13. It appears from Mr....
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The International Year Book: A Compendium of the World's Progress ..., Volume 3

1901 - 1204 pages
...cent, of the paid-up capital stock of the bank. But the discount of bills of exchange drawn against existing values and the discount of commercial or...business paper actually owned by the person negotiating it is not to be considered as money borrowed (present law). Provided, however (proposed amendment),...
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The International Year Book

Frank Moore Colby - 1901 - 1208 pages
...paid-up capital stock of the bank. But the discount of bills of exchange drawn against existir alues and the discount of commercial or business paper actually owned by the :rson negotiating it is not to be considered as money borrowed (present law) Provided, however (proposed...
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Report of the Corporation Commission

North Carolina. Corporation Commission - 1902 - 650 pages
...thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such bank or banking association actually paid in. But the discount of...the same shall not be considered as money borrowed : Provided, this section shall not apply to banks with a paid up capital of one hundred thousand dollars...
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Report of the Corporation Commission, Issue 17

North Carolina. Corporation Commission - 1916 - 1190 pages
...no time exceed one-tenth part of the amount of the capital stock of such bank or banking institution actually paid in. But the discount of bills of exchange...the same shall not be considered as money borrowed. This section shall not apply to banks with a paid-up capital of one hundred thousand dollars or less....
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Report of the Corporation Commission

North Carolina. Corporation Commission - 1899 - 650 pages
...no time exceed one-tenth part of the amount of the capital stock of such bank or banking a-sociation actually paid in. But the discount of bills of exchange...commercial or business paper actually owned by the |*-rson negotiating the same shall not be considered as money borrowed : Provitinl, this section shall...
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Munitions Industry: September 4-6, 1934. Electric Boat Co

United States. Congress. Senate. Special Committee to Investigate the Munitions Industry - 1937 - 1760 pages
...percent of the capital stock of the bank — the aforesaid limitation, however, not to apply to discounts of bills of exchange drawn in good faith against actually...actually owned by the person negotiating the same. In reply you are informed that this office has been advised by counsel that governments are not "corporations"...
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Trust Companies, Volume 24

1917 - 822 pages
...their capital and surplus. But the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually...owned by the person negotiating the same shall not IM> considered as borrowed money within the meaning of the section. Other regulations relate to impairment...
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Trust Companies, Volume 18

1914 - 594 pages
...surplus, if such liabilities are upon drafts or bills of exchange drawn against existing values, or upon commercial or business paper actually owned by the person negotiating the same, and are endorsed by such person without limitation; or if such liabilities in excess of ten per centum...
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Public Laws and Resolutions of the State of North Carolina Passed by the ...

North Carolina - 1897 - 848 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...same shall not be considered as money borrowed. SEC. 4. This act shall be in force from and after its ratification. Ratified the 6th day of March, A. I)....
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