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" actually paid in. 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.... "
Report of the Corporation Commission - Side 49
av North Carolina. Corporation Commission - 1907
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Laws Passed at the 1st- Session of the Legislature of the State of South ...

South Dakota - 1891
...agajnst actual existing values or loans upon produce in transit or in store as collateral security and the discount of commercial or business paper actually...the same shall not be considered as money borrowed. § 23. PENALTIES FOR VIOLATION OF ACT.] Any person or persons violating the provisions of this act....
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Journal of the Senate of the General Assembly, Del 37

Illinois. General Assembly. Senate - 1891
...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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Congressional Serial Set

1892
...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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Annual Report

Michigan. Banking Division - 1892
...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...the same shall not be considered as money borrowed: Provided, however, That the foregoing limitations Proviso, shall not apply to loans upon real estate...
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The Abridgment ... Containing the Annual Message of the President of the ...

United States. President - 1892
...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 - 107 sider
...thereof, shall at no 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...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

Michigan. Banking Division - 1894
...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

Michigan. Banking Division - 1895
...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

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

Wyoming - 1897
...of not less than 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...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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