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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 of the State of Utah

Utah - 1901
...the capital stock paid in and of the surplus earned and set aside as the surplus fund of such bank; but the discount of bills of exchange drawn in good faith against existing values, and the discount o'f commercial or business paper actually owned by the person negotiating...
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The American State Reports: Containing the Cases of General Value ..., Volum 83

Abraham Clark Freeman - 1902
...members thereof, shall at no time exceed onetenth part of the amount of capital of such association actually paid in. But the discount of bills of exchange...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, Banking, and Finance

Albert Sidney Bolles - 1903 - 336 sider
...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 - 442 sider
...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 Perennial ...

Alonzo Barton Hepburn - 1903 - 666 sider
...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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Select Statutes and Other Documents Illustrative of the History of the ...

William MacDonald - 1903 - 442 sider
...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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Wisconsin Session Laws: 1903

Wisconsin - 1903
...time exceed thirty per cent, of the amount of capital and surplus of such bank; but the discounting of bills of exchange drawn in good faith against actually existing 'values, and the discounting of commercial or business paper actually owned by the person negotiating the same, shall...
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The American State Reports: Containing the Cases of General Value ..., Volum 94

Abraham Clark Freeman - 1903
...for money borrowed .... shall at no time exceed 825 one-tenth part of the capital stock of said bank paid in, but the discount of bills of exchange drawn in good faith, and the discount of commercial paper actually owned by the person negotiating the same, shall not be...
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Laws Passed at the 1st- Session of the Legislature of the State of South ...

South Dakota - 1903
...not at any time exceed twenty-five (25) per cent of the capital stock of such banking institution, but the discount of bills of exchange drawn in good faith against actual existing values or loans upon produce in transit or in store as collateral security and the...
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The National Bank Act: With All Its Amendments Annotated and Explained

John Melville Gould - 1904 - 288 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." Referred to in Briggs v. Spaulding, 141 US 132, 143, 161; Thompson v. Sioux Falls Nat. Bank, 150 US...
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