 | United States - 1905 - 1032 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. [RS~\ Act of June 3, 1864, ch. 106, 13 Stat. L 108. The... | |
 | Wisconsin - 1933 - 1358 pages
...of bills of exchange drawn m £ood faith against actually existing values, and the discounting °' commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed the meaning of this subsection. On and after January 15,... | |
 | North Carolina. Corporation Commission - 1899 - 650 pages
...capital stock of such bank or banking a-sociation actually paid in. But the discount of bills of exchange drawn in good faith against actually existing values...commercial or business paper actually owned by the |*-rson negotiating the same shall not be considered as money borrowed : Provitinl, this section shall... | |
 | 1917 - 822 pages
...their capital and surplus. But the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person negotiating the same shall not IM> considered as borrowed money within the meaning of the section. Other regulations relate... | |
 | 1914 - 594 pages
...such liabilities are upon bills of exchange drawn in good faith against actual existing values or upon commercial or business paper actually owned by the person negotiating the same, to a trust company, and are endorsed by such person without limitation. This restriction would apply... | |
 | North Carolina - 1897 - 848 pages
...stock of such bank or banking association actually paid in. But the 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. SEC. 4. This act shall be in force from and after its ratification.... | |
 | North Carolina - 1923 - 724 pages
...surplus of such industrial bank, but the discount of bona fide bills of exchange or acceptances drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, company, or firm negotiating the same, shall not be considered money so borrowed.... | |
 | 1949 - 614 pages
...however, That the discount of bills of exchange drawn in good faith against actually existing values, the discount of commercial or business paper actually owned by the person negotiating the same, and the purchase of readily marketable bonds, notes, and other investment securities offered for sale in... | |
 | 1959 - 732 pages
...of exchange drawn in good faith against actually existing values; (2) to obligations arising out of the discount of commercial or business paper actually owned by the person negotiating the same; (3) to the liability of a customer on account of an acceptance made by the Corporation for his account... | |
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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. 
