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" Such limitation of 10 per centum shall be subject to the following exceptions : "(1) Obligations in the form of drafts or bills of exchange drawn in good faith against actually existing values shall not be subject under this section to any limitation... "
Acceptances - Side 68
av Guaranty Trust Company of New York - 1919 - 76 sider
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The General Banking Laws of the State of New York: Including the Banking Law ...

New York (State) - 1892 - 308 sider
...exceeding the one-fifth part of its capital stock actually paid in and surplus; but 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 shall not be considered...
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Michigan and Its Resources: Sketches of the Growth of the State, Its ...

Michigan. Department of State - 1893 - 322 sider
...collateral security, or the discounting of commercial paper owned by the person negotiating the same, or bills of exchange drawn in good faith against actually existing values. Commercial banks or banks with commercial departments are required to keep on hand at all times at...
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World's Congress of Bankers and Financiers: Comprising Addresses Upon ...

World's congress of bankers and financiers, Chicago, 1893 - 1893 - 624 sider
...collateral security, or the discounting of commercial paper owned by the person negotiating the same, or bills of exchange drawn in good faith against actually existing values. Commercial banks, or banks with commercial departments, are required to keep on hand at all times at...
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Principles and Practice of Finance: A Practical Guide for Bankers, Merchants ...

Edward Carroll - 1895 - 332 sider
...loan to any such person in excess of 10 per cent. of its capital, but under both laws the discount of bills of exchange drawn in good faith against actually existing values or commercial or business paper actually negotiated by the person issuing the same shall not be considered...
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The Revised Statutes, Codes and General Laws of the State of New York ...

New York (State) - 1896 - 1262 sider
...negotiating the same, provided, however, that such loans or discounts on such collateral, or such discount of removed. 8. Milk which has been diluted with water or any other fluid, or such commercial or business paper actually owned by the person negotiating the same shall not exceed...
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Statutory Revision of the Laws of New York Affecting Banks, Banking and ...

Andrew Hamilton - 1898 - 460 sider
...negotiating the same, provided, however, that such loans or discounts on such collateral, or sucn discount of bills of exchange drawn in good faith against actually existing values, or such commercial or business paper actually owned by the person negotiating the same shall not exceed...
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Reports of Cases Heard and Determined in the Appellate Division of ..., Volum 25

New York (State). Supreme Court. Appellate Division - 1898 - 746 sider
...exceeding the one-fifth part of its capital stock actually paid in and surplus ; but the discount of bills of exchange drawn in good faith against actually existing values, or of commercial or business paper actually owned by the persons negotiating the same, shall nut be considered...
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General Laws of New York: Containing All Amendments to the Close of ..., Volum 3

New York (State) - 1900 - 862 sider
...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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The Consolidated Laws of the State of New York, Passed at the One Hundred ...

New York (State) - 1909 - 876 sider
...trust company may buy from, or discount for, any person, company, corporation or firm, or loan upon, bills of exchange drawn in good faith against actually existing values, or commercial or business paper actually owned by the person negotiating the same, a sum not exceeding...
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The Consolidated Laws of the State of New York, 1909: Prepared Under the ...

New York (State) - 1909 - 960 sider
...trust company may buy from, or discount for, any person, company, corporation or firm, or loan upon, bills of exchange drawn in good faith against actually existing values, or commercial or business paper actually owned by the person negotiating the same, a sum not exceeding...
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