 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.  The Laws of Wisconsin - Page 655by Wisconsin - 1897Full view - About this book
 | Colorado. Court of Appeals - 1904 - 696 pages
...one-tenth of its capital stock actually paid in, but that the discount of commercial or business paper owned by the person negotiating the same shall not be considered as money loaned ; it imposes upon the bank the duty of making and transmitting to the comptroller of the currency... | |
 | United States - 1905 - 1032 pages
...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 faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not... | |
 | North Carolina, Thomas Brown Womack, Needham Y. Gulley, William R. Rodman - 1905 - 1412 pages
...amount of the capital stock of such bank or banking institution actually paid in. 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... | |
 | Texas - 1905 - 626 pages
...shall not be considered as money borrowed within the meaning of this section, viz. (1) The discount of bills of exchange, drawn in good faith, against actually existing values. (2) The discount of paper upon the collateral security of warehouse receipts covering agricultural... | |
 | New York (State) - 1905 - 1280 pages
...nor to the discount of bills of exchange drawn in good faith against actually existing values, nor to commercial or business paper actually owned by the person negotiating the same, provided, however, that the total liability of any person, company, corporation or firm shall not exceed... | |
 | Michigan. Banking Division - 1905 - 448 pages
...exceed one-tenth part of the amount of the capital and surplus of such hank; hut the discount of hills of exchange drawn in good faith against actually existing values and the discount of commercial or husiness paper actually owned hy the person negotiating the same shall not... | |
 | 1906 - 1274 pages
...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 same shall not be considered as money borrowed. And recommend that the bill as amended do pass. The committee believe that there is a great demand... | |
 | Wisconsin. Banking Dept - 1906 - 644 pages
...exceed thirty per cent, of the amount of capital and surplus of such hank¡ hut the discounting of hills of exchange drawn in good faith against actually existing values, and the discounting of commercial or husiness paper actually owned hy the person negotiating the same, shall not be considered -is money... | |
 | John Martin Chapman, Ray Bert Westerfield - 1927 - 798 pages
...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 faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not... | |
 | United States - 1927 - 612 pages
...the unimpaired capital and surplus of said bank; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. (Dec. 23, 1913, c. 6, § 13, 38 Stat. 263; Mar. 3, 1915, c. 93, 38 Stat. 958; Sept. 7, 1916, c. 461,... | |
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