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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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Annual Report

Michigan. Banking Division - 1904
...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 drawn in good faith against actually exlsting values, and the discount of commercial or business paper actually owned by the person negotiating...
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Annual Report of the Commissioner of Banking of State and Mutual Savings Banks

Wisconsin. Banking Dept - 1904
...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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Annual Report

Michigan. Banking Division - 1905
...and effect of the limitation itself. The exceptions to which I refer relate to the discount of hills of exchange drawn in good faith against actually existing values, and the discount of commercial or husiness paper actually owned hy the person negotiating the same, and which in my opinion should he...
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Laws passed at session of the legislative assembly of the state of north dakota

1905
...thereof, purchased, shall not at any time exceed fifteen per cent of the capital stock of such association actually paid in, but the discount of bills of exchange drawn in good faith against actual existing values, or loans upon produce in transit or actually in store as collateral security;...
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Wisconsin Session Laws

Wisconsin - 1905
...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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General Laws of the State of Idaho Passed at the First- Session of the State ...

Idaho - 1905
...no time exceed fifty per cent of the aggregate capital, surplus and undivided profits of such bank; but the discount of bills of exchange drawn in good faith against actual existing values, and the discount of commercial or business paper actually owned by the persons...
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A Treatise on the Law of National and State Banks: Including the Clearing ...

Harvey White Magee - 1906 - 800 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. 111. ASSOCIATIONS MUST NOT HOLD THEIE OWN STOCK. (SEC. 5201.) No association shall make any loan or...
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International Library of Technology: A Series of Textbooks ..., Volum 44,Del 2

1906
...thereof, shall at no time exceed onetenth 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. 1 111. Associations Must Not Hold Their Own Stock (Sec. 5201). -No association shall make any loan...
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Annual Report

Michigan. Banking Division - 1906
...of the amount of the capital stock of such association actually paid in ; hut the discount of hills of exchange drawn in good faith against actually existing values, and the discount of commercial or husiness paper actually owned hy the person negotiating the same, shall not he considered as money...
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Annual Report [etc.] on State Banks, Mutual Savings Banks and ..., Utgave 11

Wisconsin. Banking Dept - 1906
...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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