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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 147
by Michigan. Banking Division - 1891
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Annual Report of the Commissioner of Banks

Massachusetts. Division of Banks and Loan Agencies - 1889 - 904 pages
...exceed one-fifth part of such amount of the capital stock of this corporation as is actually paid up. But the discount of bills of exchange drawn in good...negotiating the same, shall not be considered as money boiTowed. SECT. 18. Such corporation may hold real estate suitable for the transaction of its business...
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Extracts from the Laws of the United States Relating to Currency and Finance

United States - 1889 - 90 pages
...such association actually paid in: Provided, that the discount of bond fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered as money borrowed. [Section...
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The National-Bank Act and Other Laws Relating to National Banks, from the ...

United States - 1889 - 120 pages
...exchange drawn in good faith against actually existing values, and the discount of commercial от business paper actually owned by the person negotiating...the same, shall not be considered as money borrowed. nnM»°il™»p"n 79. (SEC. 5201.) No association shall make any loan or üwT¿t>!cak»etheir discount...
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Laws, Joint Resolutions, and Memorials, Passed at the ... Session of the ...

Nebraska - 1889 - 724 pages
...bills of exchange drawn in good faith against actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed. ?ot a1 be t *re- an SEC. 12. No bank, corporation, firm or indin vidual engaged in the banking, broker,...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. State Banking Department - 1914 - 748 pages
...paper. The borrower may be the maker or the endorser. Pratt's Digest, 94. Our statute provides that in the discount of commercial or business paper actually owned by the person negotiating the same, it shall not be considered as money borrowed. The application of this provision, in my opinion, relates...
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Documents Accompanying the Journal of the House, Part 1

Michigan. Legislature - 1891 - 1144 pages
...!¡?cíney.e<t<;.',for ing in the liabilities of the company or firm the liabilities of the 11ш"«' several members thereof, except special partners, shall at...shall not be considered as money borrowed: Provided, howc-ver, That the foregoing limitations shall not apply to loans upon real estate or other collateral...
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Public Acts and Joint and Concurrent Resolutions of the Legislature of the ...

Michigan - 1891 - 486 pages
...m"S!S,eJtc'.,for including in the liabilities of the company or firm the 1|"'««'. liabilities of the several members thereof, except special partners, shall at...shall not be considered as money borrowed: Provided, iiwiw. however, That the foregoing limitations shall not apply to loans upon real estate or other collateral...
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Annual Report of the Secretary of the Treasury on the State of the Finances ...

United States. Department of the Treasury - 1891 - 1022 pages
...of the amount of the capital stock of such association actually paid in. But the discount of bille of exchange drawn in good faith against actually existing...the same, shall not be considered as money borrowed. This limitation is found to be wholesome in its general application, but recent event« indicate that...
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Acts and Resolves Passed by the ... Legislature of the State of Maine

Maine - 1891 - 966 pages
...of the capital stock of this corporation as is actually paid up, and one-tenth part of its deposits. But the discount of bills of exchange drawn in good...commercial or business paper actually owned by the party negotiating the same, shall not be considered as money borrowed. Sect. 9. The capital stock of...
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Session Laws

South Dakota - 1891 - 392 pages
...against actual existing values or loans upon produce in transit or in store as collateral security and the discount of commercial or business paper actually...the same shall not be considered as money borrowed. § 23. PENALTIES FOR VIOLATION OF ACT.] Any person or persons violating the provisions of this act....
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