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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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The International Year Book: A Compendium of the World's Progress ..., Volumen3

1901 - 1204 páginas
...cent, of the paid-up capital stock of the bank. But the discount of bills of exchange drawn against existing values and the discount of commercial or...business paper actually owned by the person negotiating it is not to be considered as money borrowed (present law). Provided, however (proposed amendment),...
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Official Gazette, Volumen77,Tema 19

Philippines - 1981 - 138 páginas
...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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Annual Report of the Commissioner of Banks, Parte1

Massachusetts. Division of Banks and Loan Agencies - 1902 - 826 páginas
...other such corporation shall at no time exceed one-fifth of such amount of the capital stock of the corporation as is actually paid up ; but the discount...business paper actually owned by the person negotiating it, shall not be considered as money borrowed. SECTION 35. Such corporation may hold real estate May...
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Official Gazette, Volumen76,Temas31-34

Philippines - 1980 - 838 páginas
...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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The American State Reports: Containing the Cases of General Value ..., Volumen83

Abraham Clark Freeman - 1902 - 1026 páginas
...of capital of such association actually paid in. But the discount of bills of exchange drawn in pood faith, against actually existing values, and the discount...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 and Banking: Illustrated by American History

Horace White - 1902 - 500 páginas
...lend more than one-tenth of its capital to one person, corporation, or firm, directly or indirectly. But the discount of bills of exchange drawn in good...commercial or business paper actually owned by the Restrictions. . . , ... , No bank can become indebted to an amount exceeding its unimpaired capital...
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Annual Report of the Attorney General of the State of Michigan

Michigan. Department of Attorney General - 1903 - 172 páginas
...to destroy the force and effect of the limitation itself. The exception to which I refer relate to the discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same, and which in my opinion should be strictly construed and should be held to apply to no transaction...
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Money, Banking, and Finance

Albert Sidney Bolles - 1903 - 348 páginas
...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 páginas
...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 ..., Volumen10

Alonzo Barton Hepburn - 1903 - 692 páginas
...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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