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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. "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xxxiii
by Michigan. Banking Division - 1910
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1895 - 352 pages
...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 foregoing limitatione shall not apply to loane upon real estate or other collateral securities authorized by...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1896 - 354 pages
...good faith against actnally existing valnes and the disconnt of commercial or bnsiness paper actnally owned by the person negotiating the same shall not...the foregoing limitations shall not apply to loans npon real estate or other collateral secnrities anthorized by this act : Provided further, That by...
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Laws of the State of Wisconsin

Wisconsin - 1897 - 1354 pages
...in good faith against actually existing values, and the discounting of commercial or business paper actually owned by the person negotiating the same,...shall not be considered as money borrowed; provided, that by a two-thirds vote of the directors, the liabilities of any person, copartnership or corporation,...
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The Laws of Wisconsin

Wisconsin - 1897 - 1392 pages
...in good faith against actually existing values, and the discounting of commercial or business paper actually owned by the person negotiating the same,...shall not be considered as money borrowed; provided, that by a two-thirds vote of the directors, the liabilities of any person, coIKirtnership or corporation,...
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Session Laws of 1890-1905: Passed at the 1st-8th Regular Session of the ...

Oklahoma - 1897 - 344 pages
...of exchange drawn in good faith against actual existing values, and the discount of commercial paper actually owned by the person nego-tiating the same, shall not be considered as money borrowed. penalty for SECTION 35. Any member, stockholder, director, borrowing from bank officer or employe of...
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The New York Supplement, Volume 49

1898 - 1232 pages
...exchange drawn in good failli яря Inst actually existing vaines or of commercial or business paper actually owned by the person negotiating the same shall not be considered as a part of any such loan or discount." We do not pause to ascertain how great the excess over the limit...
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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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Annual Report of the North Carolina Corporation Commission for the ..., Volume 2

North Carolina. Corporation Commission - 1901 - 618 pages
...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: Provided, this section shall not apply to banks with a paid up capital of one hundred thousand dollars or lesa...
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Acts of the Legislature of the State of Michigan, Part 2

Michigan - 1899 - 704 pages
...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: 1'rovided hotccver. That the fore- rrov»o. going limitations shall not apply to loans on real estate...
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Combined Kansas Reports

Kansas - 1900 - 1108 pages
...warehouse or elevator receipts 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. The bank commissioner may, at any time, order any excess loan reduced to the legal limit within sixty...
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