 | Massachusetts - 1902 - 1224 pages
...the capital stock of the corporation as is actually paid up ; but the discount of bills of exchange drawn in good faith against actually existing values,...business paper actually owned by the person negotiating it, shall not be considered as money borrowed. SECTION 35. Such corporation may hold real estate May... | |
 | Massachusetts. Division of Banks and Loan Agencies - 1902 - 826 pages
...the capital stock of the corporation as is actually paid up ; but the discount of bills of exchange drawn in good faith against actually existing values,...business paper actually owned by the person negotiating it, shall not be considered as money borrowed. SECTION 35. Such corporation may hold real estate May... | |
 | Abraham Clark Freeman - 1902 - 1026 pages
...of capital of such association actually paid in. But the discount of bills of exchange drawn in pood faith, against actually existing values, and the discount...actually owned by the person negotiating the same, shall not be considered as money borrowed." The legislative intent in the enactment of this statute... | |
 | Michigan. Department of Attorney General - 1903 - 172 pages
...amount of the capital stock of such association actually paid in ; 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." This provision, as found in our General Banking Law and... | |
 | William MacDonald - 1903 - 464 pages
...such association actually paid in : Provided, That the discount of bona 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. SEC.... | |
 | Alonzo Barton Hepburn - 1903 - 692 pages
...such association actually paid in : Provided, That the discount of bona 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. SEC.... | |
 | Howard Irving Smith - 1903 - 560 pages
...one-tenth of the bank's capital. But the'discount of bills 0' .^change drawn in good faith against actual values and the discount of commercial or business paper actually owned by the person negotiating it is not considered as money borrowed. A national bank cannot loan money on or purchase shares of... | |
 | John Melville Gould - 1904 - 326 pages
...amount of the capital stock of such association actually paid in. 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." Eeferred to in Briggs v. Spaulding, 141 US 132, 143, 161;... | |
 | Michigan. Banking Division - 1904 - 422 pages
...actually paid in; but the discount of bills of exchange drawn in good faith against actually exlsting values, and the discount of commercial or business...actually owned by the person negotiating the same, shall not be considered as money borrowed.° This provision, as found in our General Banking Law and... | |
 | Wisconsin. Banking Dept - 1904 - 572 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 the person negotiating the same, shall not be considered as money 1xxrrowed ; provided, that by a two-thirds vote of the directors,... | |
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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. 
