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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 xxxii
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
...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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Money, Banking, and Finance

Albert Sidney Bolles - 1903 - 378 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 - 478 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
...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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Laws Passed at the 1st- Session of the Legislature of the State of South ...

South Dakota - 1903
...not at any time exceed twenty-five (25) per cent of the capital stock of such banking institution, but the discount of bills of exchange drawn in good faith against actual existing values or loans upon produce in transit or in store as collateral security and the...
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The National Bank Act: With All Its Amendments Annotated and Explained

John Melville Gould - 1904 - 316 pages
...time exceed one-tenth part of the amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good...the same shall not be considered as money borrowed." Referred to in Briggs v. Spaulding, 141 US 132, 143, 161; Thompson v. Sioux Falls Nat. Bank, 150 US...
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Annual Report of the Commissioner of Banking of State and Mutual Savings Banks

Wisconsin. Banking Dept - 1904 - 586 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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