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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 : * * • Provided,... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xxxiv
by Michigan. Banking Division - 1922
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The American State Reports: Containing the Cases of General Value ..., Volume 83

Abraham Clark Freeman - 1902 - 1026 pages
...shall at no time exceed onetenth part of the amount of capital of such association actually paid in. But the discount of bills of exchange drawn in good...same, shall not be considered as money borrowed." The legislative intent in the enactment of this statute was to prescribe the duties of those officials...
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Official Gazette, Volume 77, Issue 19

Philippines - 1981 - 138 pages
...separate entities operate merely as departments or divisions of a single entity: Provided, further, That the discount of bills of exchange drawn in good faith...the same, shall not be considered as money borrowed for the purpose of this Section: Provided, finally, That certain types of contingent liabilities of...
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Official Gazette, Volume 76, Issues 31-34

Philippines - 1980 - 838 pages
...additional charges or advances made by the bank to protect its interest such as taxes, insurance; etc. (c) The discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same, including but not limited to the acquisition by a domestic bank of export bills from any of its directors,...
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Official Gazette, Volume 82, Issues 30-32

Philippines - 1986 - 492 pages
...additional charges or advances made by the NBQB to protect its interests such as taxes, insurance, etc.; c. The discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same, including but not limited to the acquisition of export bills from any of its directors, officers, stockholders...
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Money, Banking, and Finance

Albert Sidney Bolles - 1903 - 374 pages
...banking 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...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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Select Statutes and Other Documents Illustrative of the History of the ...

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....
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Select Statutes and Other Documents Illustrative of the History of the ...

William MacDonald - 1903 - 468 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....
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History of Coinage and Currency in the United States and the ..., Volume 10

Alonzo Barton Hepburn - 1903 - 696 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....
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Laws of the State of Wisconsin

Wisconsin - 1903 - 1006 pages
...time exceed thirty per cent, of the amount of capital and surplus of such bank; but 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...
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The American State Reports: Containing the Cases of General Value ..., Volume 94

Abraham Clark Freeman - 1903 - 1060 pages
...paid in, but the discount of bills of exchange drawn in good faith, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered borrowed money." Section 6, the substance of which was set forth in the defendant's answer, contains...
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