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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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Laws of the State of New York, Volume 2

New York (State) - 1893 - 960 pages
...not exceed one-half the actual paid-in capital stock and aurplus of such corprations* or bankers or of commercial or business paper actually owned by the person negotiating the same. 2. No such corporation, nor any of its directors, officers, agents or servants, shall directly or indirectly...
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Congressional Serial Set, Issue 3098

1893 - 1184 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 person negotiating the s:une shall not he considered as money borrowed. As the volume of business has increased the magnitude...
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Annual Report of the State Banking Board Showing the Condition of the State ...

Nebraska. State Banking Board - 1898 - 84 pages
...bills of exchange drawn in good faith against actually existing values, and the discount of commercial paper actually owned by the person negotiating the same shall not be considered as money borrowed.* SEC. 28. Any officer, director, or employe of any corporation, transacting a banking business in this...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1895 - 352 pages
...actually existing valnes and the discount of commercial or business paper actually owned by the pereon negotiating the same shall not be considered as money borrowed; Provided, however, That the foregoing limitatione shall not apply to loane upon real estate or other collateral securities authorized by...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1896 - 354 pages
...good faith against actnally existing valnes and the disconnt of commercial or bnsiness paper actnally owned by the person negotiating the same shall not...Provided, however, That the foregoing limitations shall not apply to loans npon real estate or other collateral secnrities anthorized by this act : Provided...
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The Revised Statutes, Codes and General Laws of the State of New York ...

New York (State) - 1896 - 1262 pages
...or such discount of bills of exchange drawn in good faith against actually existing values, or such ch has been added or into which has been introduced an v exceed one-half the actual paid-in capital stock and surplus of such corporation or. banker, including...
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The Laws of Wisconsin

Wisconsin - 1897 - 1392 pages
...discounting of bills of exchange, drawn in good faith against actually existing values, and the discounting of commercial or business paper actually owned by...shall not be considered as money borrowed; provided, that by a two-thirds vote of the directors, the liabilities of any person, coIKirtnership or corporation,...
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Laws of the State of Wisconsin

Wisconsin - 1897 - 1354 pages
...discounting of bills of exchange, drawn in good faith against actually existing values, and the discounting of commercial or business paper actually owned by...shall not be considered as money borrowed; provided, that by a two-thirds vote of the directors, the liabilities of any person, copartnership or corporation,...
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The Revised Statutes of the State of Utah in Force Jan. 1, 1898

Utah - 1897 - 1262 pages
...discount of hills 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 construed as borrowed money. RSV 3. (1878) % 5200»; Mont. Civ. С. \ 583». 381. Minors as depositors....
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Session Laws of 1890-1905: Passed at the 1st-8th Regular Session of the ...

Oklahoma - 1897 - 344 pages
...bills of exchange drawn in good faith against actual existing values, and the discount of commercial paper actually owned by the person nego-tiating the same, shall not be considered as money borrowed. penalty for SECTION 35. Any member, stockholder, director, borrowing from bank officer or employe of...
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