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" ... per centum of the unimpaired capital and surplus of said bank ; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xxxiv
by Michigan. Banking Division - 1910
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The General Banking Laws of the State of New York: Including the Banking Law ...

New York (State) - 1892 - 308 pages
...liable to an amount exceeding the one-fifth part of its capital stock actually paid in and surplus; but the discount of bills of exchange drawn in good faith against actually existing values, or of commercial or business paper actually owned by the person negotiating the same shall not be considered...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1892 - 312 pages
...time excced one-teath part of the amouat of the capital and surplus of such bank; but the discouat of bills of exchange drawn in good faith against actually existing values and the discouat of commercial or business paper actually owned by the person negotiating the same shall not...
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Annual Report of the Secretary of the Treasury on the State of the Finances ...

United States. Department of the Treasury - 1892 - 1184 pages
...exceed one-tenth part of the amount of tbo capital steck of such association actually paid in. But the discount of bills of exchange drawn in good faith against actually existing vaines and the discount of commercial or business paper actually owned by the person negotiating the...
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The Compiled Statutes of the State of Nebraska: 1881 (6th Ed.), with ...

Nebraska, Guy Ashton Brown, Hiland Hill Wheeler - 1893 - 1370 pages
...or corporation, exceed fifty (50) per cent of the paid up capital of said bank or corporation. But the discount of bills of exchange drawn in good faith...actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed....
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Hand-book for Bank Officers

George Mathewes Coffin - 1893 - 186 pages
..."discounts," which are excepted from the restriction as to amount, two exceptions are made, as follows : " 1 . The discount of bills of exchange drawn in good faith against actually existing values;" and, "2. The discount of commercial or business paper actually owned by the person negotiating the same."...
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Laws of the State of New York, Volume 2

New York (State) - 1893 - 960 pages
...secured by collateral security worth ten per centum more than the amount or amounts loaned thereon, nor to the discount of bills of exchange drawn in good faith against actually existing values, provided, however, that such loans or discounts on such collaterals shall not exceed one-half the actual...
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Annual Report of the State Banking Board Showing the Condition of the State ...

Nebraska. State Banking Board - 1898 - 84 pages
...incorporated bank to such bank ex ceed fifty (5O) per cent of the paid up capital of fuch bank. But the discount of bills of exchange drawn in good faith...actually existing values, and the discount of commercial paper actually owned by the person negotiating the same shall not be considered as money borrowed.*...
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Principles and Practice of Finance: A Practical Guide for Bankers, Merchants ...

Edward Carroll - 1895 - 332 pages
...allowed to make a loan to any such person in excess of 10 per cent. of its capital, but under both laws the discount of bills of exchange drawn in good faith against actually existing values or commercial or business paper actually negotiated by the person issuing the same shall not be considered...
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The Revised Statutes, Codes and General Laws of the State of New York ...

New York (State) - 1896 - 1262 pages
...collateral security worth at least fifteen per centum more than the amount or amounts loaned thereon, nor to the discount of bills of exchange drawn in good faith against actually existing values, or of commercial от business paper actually owned by the person negotiating the same, provided, however,...
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Laws of the State of New York, Volume 1

New York (State) - 1896 - 1294 pages
...negotiating the same, provided, however, that such loans or discounts on such collateral, OB ( such discount of bills of exchange drawn In good faith against actually existing values, or such commercial or business papec actually owned by the person negotiating the same shall not exceed...
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