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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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Journal of the Senate of the General Assembly, Part 37

Illinois. General Assembly. Senate - 1891 - 1328 pages
...clause 7th, at lino 28, the following; words: "And, provided furtlier, "that the discount of bills o! exchange drawn in good faith, against actually existing...commercial or business paper actually owned by the person, firm, company or corporation negotiating the same, shall not he considered as prohibited by this section."...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1892 - 330 pages
...such bank; but the discount of billa of exchange drawn in gcod faith against actually existing valnes and the discount of commercial or business paper actually...considered as money borrowed: Provided, however, That the foregoing limitations Proviso, shall not apply to loans upon real estate or other collateral securities...
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Congressional Serial Set

1892 - 1046 pages
...of the amount of the capital stock of euch association actually paid in. Hut the discount of bille of exchange drawn in good faith against actually existing...paper actually owned by the person negotiating the eamo, shall not bo considered as money borrowed. This limitation is found to be wholesome in its general...
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The Abridgment ... Containing the Annual Message of the President of the ...

United States. President - 1892 - 1136 pages
...actually paid in. But • tit of bills of exchange drawn in good faith against actually existing nés, and the discount of commercial or business paper actually owned by the on negotiating the same, shall not bo considered as money borrowed. is limitation is found to be wholesome...
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Hand-book for Bank Officers

George Mathewes Coffin - 1893 - 186 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. Examples Illustrating Excessive Loans and Such as are Not Excessive. There is probably no section of...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1894 - 344 pages
...such bank; but the discount of bills of exchange drawn in good faith againet actually existing valnes and the discount of commercial or business paper actually owned by the pereon negotiating the same shall not be coneidered as money borrowed; Provided, however, That the...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1895 - 352 pages
...such bank; but the discount of bills of exchange drawn in good faith againet actually existing valnes and the discount of commercial or business paper actually owned by the pereon negotiating the same shall not be considered as money borrowed; Provided, however, That the...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1896 - 354 pages
...good faith against actnally existing valnes and the disconnt of commercial or bnsiness paper actnally owned by the person negotiating the same shall not...considered as money borrowed: Provided, however, That the foregoing limitations shall not apply to loans npon real estate or other collateral secnrities...
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Session Laws

Wyoming - 1897 - 188 pages
...forty thousand dollars, shall at no time exceed one-tenth part of the capital stock actually paid in. But the discount of bills of exchange drawn in good...same, shall not be considered as money borrowed." SEC. 2. This act shall take effect and be in force from and after its passage. Approved February H,...
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Session Laws and Resolutions

North Carolina - 1897 - 836 pages
...part of the amount of the capital stock of such bank or banking association actually paid in. But the the discount of bills of exchange drawn in good faith...the same shall not be considered as money borrowed. SEC. 4. This act shall be in force from and after its ratification. Ratified the Gth day of March,...
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