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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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Session Laws of 1890-1905: Passed at the 1st-8th Regular Session of the ...

Oklahoma - 1897 - 344 pages
...on any share or shares of stock, exceed twenty-five per cent, of the paid up capital of such bank. But the discount of bills of exchange drawn in good faith against actual existing values, and the discount of commercial paper actually owned by the person nego-tiating...
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Session Laws of 1890-1905: Passed at the 1st-8th Regular Session of the ...

Oklahoma - 1899 - 278 pages
...members thereof, shall not at any time exceed 20 per cent of the capital stock and surplus of such bank actually paid in; but the discount of bills of exchange drawn in good faith against actual existing receipts as collateral security, and a discount of commercial or business paper actually...
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Session Laws of 1890-1905: Passed at the 1st-8th Regular Session of the ...

Oklahoma - 1899 - 278 pages
...members thereof, shall not at any time exceed 20 per cent of the capital stock and surplus of such bank actually paid in; but the discount of bills of exchange drawn in good faith against actual existing receipts as collateral security, and a discount of commercial or business paper actually...
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Acts of the General Assembly of the State of New-Jersey

New Jersey - 1899 - 660 pages
...or commercial paper made by other parties and actually owned by the person negotiating the same; (2) The discount of bills of exchange drawn in good faith against actually existing values; (3) The discount of paper based on collateral security other than promissory notes, the actual market...
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The Laws of New Jersey Relating to Banks and Banking, Trust Companies and ...

James Brooks Dill, New Jersey. Department of Banking and Insurance - 1899 - 98 pages
...commercial paper made by other parties and actually owned by the person negotiating the same; (2.) The discount of bills of exchange drawn in good faith against actually existing values; (3.) The discount of paper based on collateral security other than promissory notes, the actual market...
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The American State Reports: Containing the Cases of General Value ..., Volume 67

Abraham Clark Freeman - 1899 - 1054 pages
...in; 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."...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - 1900 - 864 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....values, and the discount of commercial or business ]«|>er actually owned by the person negotiating the same, shall not be considered as money borrowed....
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Acts of the Legislature of West Virginia

West Virginia - 1901 - 914 pages
...110 time exceed fifty per centum of the capital stock, plus the surplus fund and undivided, profits. But the discount of bills of exchange drawn in good...commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. The corporations mentioned...
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Laws of the State of Utah

Utah - 1901 - 246 pages
...the capital stock paid in and of the surplus earned and set aside as the surplus fund of such bank; but the discount of bills of exchange drawn in good faith against existing values, and the discount o'f commercial or business paper actually owned by the person negotiating...
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Official Gazette, Volume 76, Issues 31-34

Philippines - 1980 - 838 pages
...additional charges or advances made by the bank to protect its interest such as taxes, insurance; etc. (c) The discount of bills of exchange drawn in good faith...commercial or business paper actually owned by the person negotiating the same, including but not limited to the acquisition by a domestic bank of export...
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