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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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Report of the Corporation Commission

North Carolina. Corporation Commission - 1912 - 1006 pages
...no time exceed one-tenth part of the amount of the capital stock of such hank 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 Ixirrowed. This section shall not apply...
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Report of the Corporation Commission

North Carolina. Corporation Commission - 1910 - 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 apply...
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Report of the Corporation Commission

North Carolina. Corporation Commission - 1916 - 1190 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 - 1899 - 650 pages
...no time exceed one-tenth part of the amount of the capital stock of such bank or banking a-sociation actually paid in. But the discount of bills of exchange...commercial or business paper actually owned by the |*-rson negotiating the same shall not be considered as money borrowed: Provitinl, this section shall...
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Report of the Corporation Commission

North Carolina. Corporation Commission - 1907 - 860 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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Munitions Industry: September 4-6, 1934. Electric Boat Co

United States. Congress. Senate. Special Committee to Investigate the Munitions Industry - 1937 - 1760 pages
...percent of the capital stock of the bankā€”the aforesaid limitation, however, not to apply to discounts of bills of exchange drawn in good faith against actually...commercial or business paper actually owned by the person negotiating the same. In reply you are informed that this office has been advised by counsel...
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Oklahoma Session Laws

Oklahoma - 1908 - 830 pages
...several members thereoi shall not at any time exceed twenty per cent of the capital stock of such bank actually paid in, but the discount of bills of exchange, drawn in good faith against actual existing values, as collateral security, and a discount of commercial business paper, actually...
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Oklahoma Session Laws

Oklahoma - 1924 - 294 pages
...at any time, exceed fifteen (15%) per cent of the combined capital stock and surplus of such bank; but the discount of bills of exchange drawn in good faith against actual existing values, as collateral security and a discount of commercial or business paper, actually...
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Trust Companies, Volume 24

1917 - 822 pages
...their capital and surplus. But the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person negotiating the same shall not IM> considered as borrowed money within the meaning of the section....
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Laws Passed by the Legislature of the State of Nebraska

Nebraska - 1889 - 726 pages
...bank or corporation exceed fifty (50) per cent, of the paid up capital of said bank or corporation. But the discount of bills of exchange drawn in good...actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed....
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