 | 1917 - 2042 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." "Sec. 5239. If the directors of any national banking association shall knowingly violate, or knowingly... | |
 | 1881 - 982 pages
...stock paid in. But bills discounted bona fide against existing values, and discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money loaned. Under this section it has generally been held that when such loans have actually been made,... | |
 | 1881 - 1014 pages
...stock paid in. But bills discounted bona fide against existing values, and discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money loaned. Under this section it has generally been held that when such loans have actually been made,... | |
 | 1891 - 1170 pages
...drawn in good faith against actually existing values, and the discount of business or commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed." This statute has been construed by the federal courts, and their construction is binding on us, for... | |
 | National Board of Trade (U.S.) - 1885 - 230 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." Now, although there is a limitation of ten per cent, of the capital of any National Banking Association,... | |
 | Michigan - 1887
...drawn in good faith against actually existing values and the discount of commercial or business paper actually owned by the person negotiating the same...however, That the foregoing limitations shall not apply provis». to loans upon real estate or other collateral securities authorized by this act: Provided... | |
 | Illinois - 1887 - 2194 pages
...in gix>d faith, against actually existing values, aud the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. 11. Capital stock — impairment thereof. §11. Associations may be organized under this act in incorporated... | |
 | A.S. Pratt & Sons - 1886 - 252 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. 44 excess of the limit would be in violation of the letter of the law. There is no specific penalty... | |
 | Illinois - 1887 - 360 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. § 11. Associations may be organized under this act in incorporated towns, villages, or cities of not... | |
 | Georgia - 1887 - 358 pages
...the discount of bills of exchange drawn in good faith and the discount of commercial paper actuallv owned by the person negotiating the same shall not be considered as borrowed money. Ineorporating tho Bank of Stewart County. surety, notes, mortgages and other evidences... | |
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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. 
