 | John B. Duryea - 1892 - 448 pages
...bills of exchange, drawn in good faith against existing values, and the discount of business paper owned by the person negotiating the same, shall not be considered as a loan of money. § 59. Other Loans Prohibited. Banking associations cannot make any loans nor discount... | |
 | 1893 - 1184 pages
...oiie-tcnth part of the amount of the capital stock of such association actually pni<l in. But tlic discount of bills of exchange drawn in good faith...paper actually owned by the person negotiating the s:une shall not he considered as money borrowed. As the volume of business has increased the magnitude... | |
 | 1893 - 1256 pages
...such association actually paid in. But the discount of bills of exchange drawn in good faith ngainst actually existing values, and the discount of commercial...the same, shall not be considered as money borrowed. This limitation is found to be wholesome in its general application, but recent events indicate that... | |
 | Nebraska, Guy Ashton Brown, Hiland Hill Wheeler - 1893 - 1370 pages
...bank 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...actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed.... | |
 | George Mathewes Coffin - 1893 - 186 pages
..."discounts," which are excepted from the restriction as to amount, two exceptions are made, as follows : " 1 . The discount of bills of exchange drawn in good faith against actually existing values;" and, "2. The discount of commercial or business paper actually owned by the person negotiating the same."... | |
 | New York (State) - 1893 - 960 pages
...by collateral security worth ten per centum more than the amount or amounts loaned thereon, nor to the discount of bills of exchange drawn in good faith against actually existing values, provided, however, that such loans or discounts on such collaterals shall not exceed one-half the actual... | |
 | North Carolina - 1893 - 660 pages
...shall at no time exceed one-tenth part of the amount of the capital of said bank actually paid in, but the discount of bills of exchange drawn in good faith against existing values and the discount of commercial or business paper owned by any person negotiating the... | |
 | Oklahoma. Supreme Court, Edward Bell Green, Frank Dale, John Henry Burford, Robert Lee Williams, Matthew John Kane, Howard J. Parker, Charles Winfield Van Eaton - 1916 - 884 pages
...members thereof, shall not at any time exceed twenty per cent, of the capital stock of such bank ; but the discount of bills of exchange drawn in good faith against actual existing values, as collateral security and a discount of commercial or business paper, actually... | |
 | Massachusetts - 1894 - 1062 pages
...amount of the capital stock of this corporation aя is actually paid up. Rut the discount of hills of exchange drawn in good faith against actually existing...the same, shall not be considered as money borrowed. SECT. 18. Such corporation may hold real estate suitable for the transaction of its business to an... | |
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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. 
