 | 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... | |
 | 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... | |
 | 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... | |
 | Illinois. General Assembly. Senate - 1891 - 1328 pages
...clause 7th, at lino 28, the following; words: "And, provided furtlier, "that the discount of bills o! exchange drawn in good faith, against actually existing...commercial or business paper actually owned by the person, firm, company or corporation negotiating the same, shall not he considered as prohibited by this section."... | |
 | United States - 1891 - 332 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... | |
 | United States. Department of the Treasury - 1892 - 1184 pages
...paid in. But the discount of bills of exchange drawn in good faith against actually existing vaines and the discount of commercial or business paper actually owned by the person negotiating the enmi; shall not be considered as money borrowed. As the volume of business has increased the magnitude... | |
 | 1893 - 1184 pages
...oiie-tcnth part of the amount of the capital stock of such association actually pni<l in. But tlic discount of bills of exchange drawn in good faith...paper actually owned by the person negotiating the s:une shall not he considered as money borrowed. As the volume of business has increased the magnitude... | |
 | George Mathewes Coffin - 1893 - 186 pages
.... The discount of bills of exchange drawn in good faith against actually existing values;" and, "2. The discount of commercial or business paper actually owned by the person negotiating the same." Such paper as is clearly embraced in these two classes, the law says, "shall not be considered as money... | |
 | New York (State) - 1893 - 960 pages
...not exceed one-half the actual paid-in capital stock and aurplus of such corprations* or bankers or of commercial or business paper actually owned by the person negotiating the same. 2. No such corporation, nor any of its directors, officers, agents or servants, shall directly or indirectly... | |
| |
That the discount of bona fide bills of exchange drawn against actually existing values, 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 as money... 
