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" ... per centum of the unimpaired capital and surplus of said bank ; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. "
Session Laws of the State of Wyoming - Side 32
av Wyoming - 1897
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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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Laws of Missouri Relating to Private Corporations: Other Than Railroad and ...

Millard Fillmore Watts, Missouri - 1903 - 548 sider
...classes of paper shall not be considered as 'money borrowed within the meaning of this section, viz.: (1) The discount of bills of exchange drawn in good faith against actually existing values. (2) The discount of paper based upon the collateral security of warehouse receipts covering agricultural...
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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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McMaster's Commercial Decisions Affecting the Banker and Merchant ..., Volum 6

James Smith McMaster - 1903
...money -borrowed •. . . shall at' no time exceed 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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The Southeastern Reporter, Volum 43

1903
...money borrowed • • • shall at no time exceed 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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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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Laws Passed by the ... Legislature of the State of Texas

Texas - 1905
...classes of paper shall not be considered as money borrowed within the meaning of this section, viz. (1) The discount of bills of exchange, drawn in good faith, against actually existing values. (2) The discount of paper upon the collateral security of warehouse receipts covering agricultural...
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Annual Report

Michigan. Banking Division - 1906
...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 existing yalues, and the discount of commercial or business paper actually owned by the person negotiating the...
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