 | Michigan. Banking Division - 1904 - 422 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 faith against actually exlsting values, and the discount of commercial or business paper actually owned by the person negotiating... | |
 | Michigan. Banking Division - 1905 - 448 pages
...and effect of the limitation itself. The exceptions to which I refer relate to the discount of hills of exchange drawn in good faith against actually existing values, and the discount of commercial or husiness paper actually owned hy the person negotiating the same, and which in my opinion should he... | |
 | Wisconsin - 1905
...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... | |
 | North Dakota - 1905 - 414 pages
...not at any time exceed fifteen per cent of the capital stock of such association actually paid in, but the discount of bills of exchange drawn in good faith against actual existing values, or loans upon produce in transit or actually in store as collateral security;... | |
 | Idaho - 1905 - 472 pages
...no time exceed fifty per cent of the aggregate capital, surplus and undivided profits of such bank; but the discount of bills of exchange drawn in good faith against actual existing values, and the discount of commercial or business paper actually owned by the persons... | |
 | Harvey White Magee - 1906 - 864 pages
...in excess of 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. This provision of the statute does not prohibit an officer or director from borrowing money, but limits... | |
 | 1906 - 538 pages
...time exceed onetenth 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. 1 111. Associations Must Not Hold Their Own Stock (Sec. 5201). -No association shall make any loan... | |
 | Michigan. Banking Division - 1906 - 500 pages
...of the amount of the capital stock of such association actually paid in ; hut the discount of hills of exchange drawn in good faith against actually existing values, and the discount of commercial or husiness paper actually owned hy the person negotiating the same, shall not he considered as money... | |
 | Wisconsin. Banking Dept - 1906 - 644 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... | |
 | Michigan. Banking Division - 1907 - 536 pages
...partners, shall at no time exceed one-tenth part of the amount of the capital and surplus of such bank ; but the discount of bills of exchange drawn in good...considered as money borrowed : Provided, however, That the foregoing limitations shall not apply to loans on real estate or other collateral securities authorized... | |
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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,... 
