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" 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. "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page 17
by Michigan. Banking Division - 1892
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The New York Supplement, Volume 49

1898 - 1232 pages
...bxit the discount of bills of exchange drawn in good failli яря Inst actually existing vaines or of commercial or business paper actually owned by...person negotiating the same shall not be considered as a part of any such loan or discount." We do not pause to ascertain how great the excess over the limit...
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Statutory Revision of the Laws of New York Affecting Banks, Banking and ...

Andrew Hamilton - 1898 - 460 pages
...thereon, nor to the discount of bill? of exchange drawn in good faith against actually existing values, or of commercial or business paper actually owned by the person negotiating the same, provided, however, that such loans or discounts on such collateral, or sucn discount of bills of exchange...
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Annual Report of the North Carolina Corporation Commission for the ..., Volume 2

North Carolina. Corporation Commission - 1901 - 618 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...shall not be considered as money borrowed: Provided, this section shall not apply to banks with a paid up capital of one hundred thousand dollars or lesa...
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Acts of the Legislature of the State of Michigan, Part 2

Michigan - 1899 - 704 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: 1'rovided hotccver. That the fore- rrov»o. going limitations shall not apply to loans on real estate...
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Combined Kansas Reports

Kansas - 1900 - 1108 pages
...produce in transit, or upon warehouse or elevator receipts as collateral security, and the discount of commercial or business paper actually owned by...the same, shall not be considered as money borrowed. The bank commissioner may, at any time, order any excess loan reduced to the legal limit within sixty...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - 1900 - 866 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. SEC. 5201. PURCHASE OF ITS OWN STOCK.— No association shall make any loan or discount on the security...
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General Laws of New York: Containing All Amendments to the Close ..., Volume 3

New York (State) - 1900 - 862 pages
...thereon, nor to the discount of bills of exchange drawn in good faith against actually existing values, or of commercial or business paper actually owned by the person negotiating the same, provided, however, that such loans or discounts on such collateral, or such discount of bills of exchange...
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Acts and Resolves Passed by the General Court of Massachusetts

Massachusetts - 1901 - 944 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. SECTION 2. This act shall take effect upon its passage. Approved April 5, 1901. CViOp.256 AN ACT MAKING...
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Acts of the Legislature of West Virginia

West Virginia - 1901 - 914 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. The corporations mentioned in this section shall not be construed to mean municipal corporations, districts...
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Reports of Cases Determined in the Appellate Courts of Illinois, Volume 93

Illinois. Appellate Court, Martin L. Newell, Mason Harder Newell, Walter Clyde Jones, Keene Harwood Addington, James Christopher Cahill, Basil Jones, James Max Henderson, Ray Smith - 1901 - 728 pages
...faith against actually existing values, and the discount of VOL. 93.] Murry Nelson & Co. v. Leiter. commercial or business paper actually owned by the...person negotiating the same, shall not be considered as borrowed monev." Starr & Curtis' Stat., Chap. I6u, entitled " Banks," Sec. 13. It appears from Mr....
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