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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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Reports of the Condition of the State, Private and Savings Banks

North Carolina. Corporation Commission - 1906 - 112 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 section shall not apply to banks with a paid-up capital of one hundred thousand dollars or less....
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International Library of Technology: A Series of ..., Volume 44, Part 2

1906 - 538 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. 111. Associations Must Not Hold Their Own Stock (Sec. 5201). -No association shall make any loan or...
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Principles of Law: Appendix

1906 - 534 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. 111. Associations Must Not Hold Their Own Stock (Sec. 5201). —No association shall make any loan...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1906 - 474 pages
...drawn in good faith against actually existing yalues, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed." Tbis provision, as found in our General Banking Law and also in the National Banking Law, has never...
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Public and Local Acts of the Legislature of the State of Michigan, Part 2

Michigan - 1907 - 652 pages
...owned by the person negotiating the same shall not be considered as money borrowed: Provided, hoioever. That the foregoing limitations shall not apply to...other collateral securities authorized by this act. and deposited with the bank, or a safety and collateral deposit company organized under the laws of...
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Public Acts of the Legislature of the State of Michigan Passed at the ...

Michigan - 1907 - 650 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, howcvcr. That the foregoing limitations shall not apply to loans on real estate or other collateral...
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Annual Reports of the Secretary of War, Volume 10

United States. War Department - 1907 - 744 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. ARTICLE IX. ARTICLE X. All real property upon which mortgage loans are made must have a marketable...
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A Treatise on the Modern Law of Banking, Volume 1

Albert Sidney Bolles - 1907 - 600 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. (Rev. Stat. § 5200.) 18. Associations Must Not Hold Their Own Stock. No association shall make any...
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The Statutes at Large of the United States from ..., Volume 34, Part 1

United States - 1907 - 1666 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." Approved, June 22, 1906. PTOPÙO. Maximum. Commercial discount« not included. CHAP. 3817.— An Aft...
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Laws Passed at the Session of the General Assembly of the State of Colorado

Colorado - 1907 - 740 pages
...excess of the loans made, and the discount of commercial or business paper, upon solvent parties, and actually owned by the person negotiating the same, shall not be considered as money borrowed. The State Bank Commissioner may af any time order any excess loan reduced to the legal limit within...
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