 | Wisconsin - 1897 - 1392 pages
...time exceed fifteen per cent, of the amount of capital and surplus of such bank; hut the 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... | |
 | New York (State). Supreme Court. Appellate Division - 1898 - 746 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 persons negotiating the same, shall nut be... | |
 | Andrew Hamilton - 1898 - 460 pages
...person negotiating the same, provided, however, that such loans or discounts on such collateral, or sucn discount of bills of exchange drawn in good faith against actually existing values, or such commercial or business paper actually owned by the person negotiating the same shall not exceed... | |
 | James Brooks Dill, New Jersey. Department of Banking and Insurance - 1899 - 98 pages
...commercial paper made by other parties and actually owned by the person negotiating the same; (2.) The discount of bills of exchange drawn in good faith against actually existing values; (3.) The discount of paper based on collateral security other than promissory notes, the actual market... | |
 | New Jersey - 1899 - 660 pages
...commercial paper made by other parties and actually owned by the person negotiating the same ; (2) The discount of bills of exchange drawn in good faith against actually existing values ; (3) The discount of paper based on collateral security other than promissory notes, the actual market... | |
 | New York (State) - 1900 - 862 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 or business paper actually owned by the person negotiating the same, provided, however,... | |
 | Illinois. Appellate Court, Martin L. Newell, Mason Harder Newell, Walter Clyde Jones, Keene Harwood Addington, James Christopher Cahill, Basil Jones, James Max Henderson, Ray Smith - 1901 - 728 pages
...exceeding ten per cent of the bank's capital stock actually paid in, the statute proceeds to say : " But the discount of bills of exchange drawn in good faith...against actually existing values, and the discount of VOL. 93.] Murry Nelson & Co. v. Leiter. commercial or business paper actually owned by the person negotiating... | |
 | Horace White - 1902 - 500 pages
...more than one-tenth of its capital to one person, corporation, or firm, directly or indirectly. But the discount of bills of exchange drawn in good faith...commercial or business paper actually owned by the Restrictions. . . , ... , No bank can become indebted to an amount exceeding its unimpaired capital... | |
 | Albert Sidney Bolles - 1903 - 348 pages
...law forbids any bank from lending more than one tenth of its capital to a person on his note, "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."... | |
 | Millard Filmore Watts, Missouri - 1903 - 576 pages
...classes of paper shall not be considered as 'money borrowed within the meaning of this section, viz.: (1) The discount of bills of exchange drawn in good faith against actually existing values. (2) The discount of paper based upon the collateral security of warehouse receipts covering agricultural... | |
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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. 
