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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. "
Documents Accompanying the Journal of the House - Page 153
by Michigan. Legislature - 1891
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The Laws of Wisconsin

Wisconsin - 1897 - 1392 pages
...discounting of bills of exchange, drawn in good faith against actually existing values, and the discounting of commercial or business paper actually owned by...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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Laws of the State of Wisconsin

Wisconsin - 1897 - 1350 pages
...discounting of bills of exchange, drawn in good faith against actually existing values, and the discounting of commercial or business paper actually owned by...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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Session Laws of 1890-1905: Passed at the 1st-8th Regular Session of the ...

Oklahoma - 1897 - 346 pages
...bills 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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Journal of the House of Representatives of the ..., Volume 26, Part 1897

Iowa. General Assembly. House of Representatives - 1897 - 1162 pages
...such bank, but the discount of bona fide bills of exchange drawn against actually existing value aad the discount of commercial or business paper actually owned by the person or persons, corporation, company, or firm negotiating the same shall not ba considered money so borrowed....
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The New York Supplement, Volume 49

1898 - 1232 pages
...bxit the discount of bills of exchange drawn in good failli яря Inst actually existing vaines or of commercial or business paper actually owned by...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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Statutory Revision of the Laws of New York Affecting Banks, Banking and ...

Andrew Hamilton - 1898 - 460 pages
...thereon, nor to the discount of bill? of exchange drawn in good faith against actually existing values, or of commercial or business paper actually owned by the person negotiating the same, provided, however, that such loans or discounts on such collateral, or sucn discount of bills of exchange...
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Reports of Cases at Law and in Equity Determined by the Supreme ..., Volume 105

Iowa. Supreme Court - 1898 - 900 pages
...provided: that the discount of botia fide, bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person or persons, corporation or firm negotiating the same shall not be cons'dei ed money borrowed." As the...
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Acts of the Legislature of the State of Michigan, Part 2

Michigan - 1899 - 704 pages
...moneys advanced, ban s- eto" including in the liabilities of the company or firm the liabilities of the several members thereof, except special partners,...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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Annual Report of the North Carolina Corporation Commission for the ..., Volume 2

North Carolina. Corporation Commission - 1901 - 616 pages
...one-tenth part of the amount of the capital stock of such bank or banking association actually paid in. But the discount of bills of exchange drawn In good...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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Lawyers' Reports Annotated, Book 45

1899 - 930 pages
...provided: that the •discount of bona fide bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person or persons, corporation or firm negotiating the same shall not be considered money borrowed." As the...
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