 | North Carolina, Thomas Brown Womack, Needham Y. Gulley, William R. Rodman - 1905 - 1412 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. This section shall not apply to banks with a paid-up capital of one hundred thousand dollars or less.... | |
 | United States - 1905 - 1032 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. [RS~\ Act of June 3, 1864, ch. 106, 13 Stat. L 108. The object of this provision of the statute was... | |
 | New York (State) - 1905 - 1280 pages
...nor to the discount of bills of exchange drawn in good faith against actually existing values, nor to commercial or business paper actually owned by the person negotiating the same, provided, however, that the total liability of any person, company, corporation or firm shall not exceed... | |
 | 1906 - 534 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. 111. Associations Must Not Hold Their Own Stock (Sec. 5201). —No association shall make any loan... | |
 | North Carolina. Corporation Commission - 1906 - 112 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. This section shall not apply to banks with a paid-up capital of one hundred thousand dollars or less.... | |
 | 1906 - 1282 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. And recommend that the bill as amended do pass. The committee believe that there is a great demand... | |
 | 1906 - 538 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. 111. Associations Must Not Hold Their Own Stock (Sec. 5201). -No association shall make any loan or... | |
 | Harvey White Magee - 1906 - 864 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 same, shall not be regarded as money borrowed." The purpose of this section is to prohibit any bank from loaning its funds... | |
 | New York (State). Legislature. Assembly - 1906 - 1610 pages
...except the discount of bills of exchange drawn in good faith against actual and existing values, or of commercial or business paper actually owned 'by the person negotiating the same, provided, that such loans or discounts on such collateral, or such discounts of bills of exchange,... | |
 | Michigan. Banking Division - 1906 - 474 pages
...discount of bills of exchange drawn in good faith against actually existing yalues, and the discount of commercial or business paper actually owned by the person negotiating the same, and wbich in my opinion should be strictly construed and should be held to apply to no transaction... | |
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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. 
