 | United States - 1907 - 1666 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...same shall not "be considered as money borrowed." Approved, June 22, 1906. PTOPÙO. Maximum. Commercial discount« not included. CHAP. 3817.— An Aft... | |
 | Albert Sidney Bolles - 1907 - 600 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. (Rev. Stat. § 5200.) 18. Associations Must Not Hold Their Own Stock. No association shall make any... | |
 | Colorado - 1907 - 740 pages
...excess of the loans made, and the discount of commercial or business paper, upon solvent parties, and actually owned by the person negotiating the same, shall not be considered as money borrowed. The State Bank Commissioner may af any time order any excess loan reduced to the legal limit within... | |
 | Montgomery Rollins - 1907 - 488 pages
...the capital. The discount of bills of exchange drawn against existing actual values, and the discount of commercial or business paper actually owned by the person negotiating the same, not to be considered in the amount of such a loan. National Bank Notes.1 In order to increase the amount... | |
 | Michigan. Banking Division - 1907 - 536 pages
...borrower may be the maker or the endorser. Pratt,s Digest, 04. Our statute provides that in the discount of commercial or business paper actually owned by the person negotiating the same, it shall not be considered as money borrowed. The application of this provision, in my opinion, relates... | |
 | Montgomery Rollins - 1907 - 486 pages
...the capital. The discount of bills of exchange drawn against existing actual values, and the discount of commercial or business paper actually owned by the person negotiating the same, not to be considered in the amount of such a loan. National Bank Notes. 1 In order to increase the... | |
 | United States. War Department, William Howard Taft - 1908 - 196 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. AHTIQLE IX. Before making loans on precious metals, merchandise, and goods in warehouse, the value... | |
 | United States. Supreme Court - 1921 - 628 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...same, shall not be considered as money borrowed." The pertinent portion of the other section reads as follows: "Sec. 5239. If the directors of any national... | |
 | William Frederick Notz, Richard Selden Harvey - 1921 - 620 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 within the meaning of this paragraph. The liability of a customer on account of an acceptance made... | |
 | Alexander Wall - 1921 - 280 pages
...of such State bank or trust company. in good faith against actually existing value and the discount of commercial or business paper actually owned by the person negotiating the same shall not be included. Any Federal Reserve Bank may make advances to its member banks on their promissory notes... | |
| |
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. 
