 | Michigan. State Banking Department - 1914 - 748 pages
...paper. The borrower may be the maker or the endorser. Pratt's Digest, 94. 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... | |
 | Michigan. Legislature - 1891 - 1144 pages
...one-tenth part of the amount of the capital and surplus of such bank; but the discount of bills of exchange drawn in good faith against actually existing values...actually owned by the person negotiating the same shall not be considered as money borrowed: Provided, howc-ver, That the foregoing limitations shall... | |
 | United States. Department of the Treasury - 1891 - 1022 pages
...amount of the capital stock of such association actually paid in. But the discount of bille of exchange drawn in good faith against actually existing values,...actually owned by the person negotiating the same, shall not be considered as money borrowed. This limitation is found to be wholesome in its general... | |
 | Illinois. General Assembly. Senate - 1891 - 1328 pages
...at lino 28, the following; words: "And, provided furtlier, "that the discount of bills o! exchange drawn in good faith, against actually existing values,...commercial or business paper actually owned by the person, firm, company or corporation negotiating the same, shall not he considered as prohibited by this section."... | |
 | Maine - 1891 - 966 pages
...corporation as is actually paid up, and one-tenth part of its deposits. But the discount of bills of exchange drawn in good faith against actually existing values...commercial or business paper actually owned by the party negotiating the same, shall not be considered as money borrowed. Sect. 9. The capital stock of... | |
 | United States - 1891 - 332 pages
...such association actually paid in: Provided, that the discount of bond fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered as money borrowed. [Section... | |
 | South Dakota - 1891 - 392 pages
...against actual existing values or loans upon produce in transit or in store as collateral security and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed. ยง 23. PENALTIES FOR VIOLATION OF ACT.] Any person or persons... | |
 | Nebraska, Joseph Elliott Cobbey - 1891 - 1382 pages
...per cent of the paid up capital of said bank or corporation. But the discount of 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.... | |
 | Nebraska - 1891 - 1278 pages
...per cent of the paid up capital of said bank or corporation. But the discount of 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.... | |
 | Michigan. Banking Division - 1892 - 330 pages
...such bank; but the discount of billa of exchange drawn in gcod faith against actually existing valnes and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed: Provided, however, That the foregoing limitations Proviso,... | |
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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. 
