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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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Money and Banking: Illustrated by American History

Horace White - 1911 - 576 pages
...lend more than one-tenth of its capital to one person, corporation, or firm, directly or indirectly. But the discount of bills of exchange drawn in good...commercial or business paper actually owned by the Restriction!. No bank can become indebted to an amount exceeding its unimpaired capital except for...
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Operation of the National and Federal Reserve Banking Systems, Hearings ...

United States. Congress. Senate. Committee on Banking and Currency - 1932 - 576 pages
...aggregate any such loans on which it is liable as indorser or guarantor or otherwise equal to 15 per centum of the amount of capital stock of such association actually paid in and unimpaired and 15 per centum of its unimpaired surplus fund. That is just exactly what you testified....
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Private Laws of the State of North-Carolina Passed by the General Assembly

North Carolina - 1893 - 660 pages
...for money borrowed shall at no time exceed one-tenth part of the amount of the capital of said bank actually paid in, but the discount of bills of exchange drawn in good faith against existing values and the discount of commercial or business paper owned by any person negotiating the...
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Report of the Corporation Commission, Issue 5

North Carolina. Corporation Commission - 1904 - 636 pages
...thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such bank or banking association actually paid in. But the discount of...commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed: Provided, this section shall...
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Report of the Corporation Commission

North Carolina. Corporation Commission - 1901 - 608 pages
...thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such bank or banking association actually paid in. But the discount of...commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed: Provided, this section shall...
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Report of the Corporation Commission for the Biennial Period

North Carolina. Corporation Commission - 1902 - 650 pages
...thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such bank or banking association actually paid in. But the discount of...commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed : Provided, this section shall...
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Report of the Corporation Commission, Issue 16

North Carolina. Corporation Commission - 1915 - 1166 pages
...no time exceed one-tenth part of the amount of the capital stock of such bank or banking institution 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. This section shall not apply...
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Report of the Corporation Commission

North Carolina. Corporation Commission - 1917 - 1044 pages
...no time exceed one-tenth part of the amount of the capital stock of such bank or banking institution 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. This section shall not «pply...
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Report of the Corporation Commission

North Carolina. Corporation Commission - 1905 - 754 pages
...no time exceed one-tenth part of the amount of the capital stock of such bank or banking institution 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. This section shall not apply...
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Report of the Corporation Commission

North Carolina. Corporation Commission - 1914 - 1160 pages
...no time exceed one-tenth part of the amount of the capital stock of such bank or banking institution 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. This section shall not apply...
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