 | Isaac Grant Thompson - 1878 - 1018 pages
...capital stock of such association actually paid in : Provided, that the bonafide bill a 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." Allen... | |
 | United States - 1878 - 310 pages
...Provided, That the discount of bona tide bills of excounts not to bo . . . ,,i. included. 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 l>e considered as money borrowed. Rate... | |
 | Ohio - 1879 - 368 pages
...of such company actually paid in: provided, that the discount of fxma 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 money borrowed. SEC.... | |
 | Benjamin Robbins Curtis - 1879 - 520 pages
...PROVIDED, that the discount of bona fide bills of exchange drawn against actually existing values, or the discount of commercial or business paper actually owned by the person or persons, corporations, or firms negotiating the same, shall not be considered ns money borrowed."... | |
 | Irving Browne - 1880 - 638 pages
...time exceed one-tenth part of the amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good...the same, shall not be considered as money borrowed. Thomp. NB Cas. 150, 169, 175, 396, 488, 888, 869 ; ante, 400. Associations not to loan upon, or purchase... | |
 | 1881 - 628 pages
...capital stock of said association; provided, that the discount of bonafide 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 requesting the same shall not be considered as money borrowed.' Contrary... | |
 | 1881 - 1014 pages
...capital 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 - 982 pages
...capital 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,... | |
 | Minnesota - 1883 - 882 pages
...The discount of bills of exchange drawn in good faith against actually existing values." Second — " The discount of commercial or business paper actually owned by the person negotiating the same." The first of these exceptions needs no elucidation. The meaning of "bills of exchange" is well known... | |
 | 1891 - 1170 pages
...exchange 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... | |
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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. 
