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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. "
Public Documents of Massachusetts - Página li
por Massachusetts - 1894
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Annual Report of the North Carolina Corporation Commission for the ..., Volumen2

North Carolina. Corporation Commission - 1901 - 618 páginas
...one-tenth part of the amount of the capital stock of such bank or banking association actually paid in. But the discount of bills of exchange drawn In good...the same shall not be considered as money borrowed: Provided, this section shall not apply to banks with a paid up capital of one hundred thousand dollars...
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The Laws of New Jersey Relating to Banks and Banking, Trust Companies and ...

James Brooks Dill, New Jersey. Department of Banking and Insurance - 1899 - 98 páginas
...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...
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Acts of the General Assembly of the State of New-Jersey

New Jersey - 1899 - 660 páginas
...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...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - 1900 - 866 páginas
...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. SEC. 5201. PURCHASE OF ITS OWN STOCK.— No association shall make any loan or discount on the security...
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Combined Kansas Reports

Kansas - 1900 - 1108 páginas
...values or loans upon produce in transit, or upon warehouse or elevator receipts as collateral security, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. The bank commissioner may, at any time, order any excess loan reduced to the legal limit within sixty...
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Ohio Corporations Other Than Municipal: As Authorized by the Old and New ...

Abraham Titus Brewer, Gustav Adolf Laubscher - 1900 - 748 páginas
...of such company 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 money borrowed. 76 OL...
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General Laws of New York: Containing All Amendments to the Close ..., Volumen3

New York (State) - 1900 - 862 páginas
...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,...
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Acts and Resolves Passed by the General Court of Massachusetts

Massachusetts - 1901 - 944 páginas
...up, and to any other such corporation shall at no time exceed one fifth part of such amount of the capital stock of this corporation as is actually paid...the same, shall not be considered as money borrowed. SECTION 2. This act shall take effect upon its passage. Approved April 5, 1901. CViOp.256 AN ACT MAKING...
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Acts of the Legislature of West Virginia

West Virginia - 1901 - 914 páginas
...110 time exceed fifty per centum of the capital stock, plus the surplus fund and undivided, profits. But the discount of bills of exchange drawn in good...the same, shall not be considered as money borrowed. The corporations mentioned in this section shall not be construed to mean municipal corporations, districts...
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Reports of Cases Determined in the Appellate Courts of Illinois, Volumen93

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 páginas
...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...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...
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