 | John Melville Gould - 1904 - 320 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." Eeferred to in Briggs v. Spaulding, 141 US 132, 143, 161; Thompson v. Sioux Falls Nat. Bank, 150 US... | |
 | Michigan. Banking Division - 1904 - 422 pages
...drawn in good faith against actually exlsting values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.° This provision, as found in our General Banking Law and also in the National Banking Law, has never... | |
 | Wisconsin. Banking Dept - 1904 - 586 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 1xxrrowed ; provided, that by a two-thirds vote of the directors, the liabilities of any person, co-partnership... | |
 | Colorado. Court of Appeals - 1904 - 696 pages
...one-tenth of its capital stock actually paid in, but that the discount of commercial or business paper owned by the person negotiating the same shall not be considered as money loaned ; it imposes upon the bank the duty of making and transmitting to the comptroller of the currency... | |
 | Michigan - 1905 - 754 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...other collateral securities authorized by this act, and deposited with the bank : Provided, however, That by a twothirds vote of directors, the liabilities... | |
 | 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... | |
 | United States - 1905 - 1032 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. [RS~\ Act of June 3, 1864, ch. 106, 13 Stat. L 108. The object of this provision of the statute was... | |
 | 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... | |
 | Harvey White Magee - 1906 - 864 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. This provision of the statute does not prohibit an officer or director from borrowing money, but limits... | |
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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. 
