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" shall at no time exceed one-tenth part of the amount of 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... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xxvii
by Michigan. Banking Division - 1922
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Laws Passed at the 1st- Session of the Legislature of the State of South ...

South Dakota - 1891 - 388 pages
...agajnst actual existing values or loans upon produce in transit or in store as collateral security and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed. § 23. PENALTIES FOR VIOLATION...
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Congressional Serial Set

1892 - 1046 pages
...of the amount of the capital stock of euch association actually paid in. Hut the discount of bille of exchange drawn in good faith against actually existing...commercial or business paper actually owned by the person negotiating the eamo, shall not bo considered as money borrowed. This limitation is found to...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1892 - 330 pages
...such bank; but the discount of billa of exchange drawn in gcod faith against actually existing valnes and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed: Provided, however, That the...
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The Abridgment ... Containing the Annual Message of the President of the ...

United States. President - 1892 - 1136 pages
...actually paid in. But • tit of bills of exchange drawn in good faith against actually existing nés, and the discount of commercial or business paper actually owned by the on negotiating the same, shall not bo considered as money borrowed. is limitation is found to be wholesome...
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Hand-book for Bank Officers

George Mathewes Coffin - 1893 - 186 pages
...liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such association actually paid in....commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. Examples Illustrating Excessive...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1894 - 344 pages
...such bank; but the discount of bills of exchange drawn in good faith againet actually existing valnes and the discount of commercial or business paper actually owned by the pereon negotiating the same shall not be coneidered as money borrowed; Provided, however, That the...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1895 - 352 pages
...such bank; but the discount of bills of exchange drawn in good faith againet actually existing valnes and the discount of commercial or business paper actually owned by the pereon negotiating the same shall not be considered as money borrowed; Provided, however, That the...
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Session Laws

Wyoming - 1897 - 188 pages
...of not less than forty thousand dollars, shall at no time exceed one-tenth part of the capital stock actually paid in. But the discount of bills of exchange...commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed." SEC. 2. This act shall take...
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Session Laws and Resolutions

North Carolina - 1897 - 836 pages
...part of the amount of the capital stock of such bank or banking association actually paid in. But the the discount of bills of exchange drawn in good faith...commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed. SEC. 4. This act shall be in...
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Laws of the State of Wisconsin

Wisconsin - 1897 - 1354 pages
...time exceed fifteen per cent, of the amount of capital and surplus of such bank; but the discounting of bills of exchange, drawn in good faith against actually existing values, arid the discounting of commercial or business paper actually owned by the person negotiating the same,...
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