 | William Lyman Fawcett - History - 1877 - 288 pages
...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...the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount on the security of the shares of its own... | |
 | United States - Banking law - 1878 - 308 pages
...Provided, That the discount of bona tide bills of excounts not to bo . . . ,,i. included. 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 l>e considered as money borrowed. rate... | |
 | Isaac Grant Thompson - National banks (U.S.) - 1878 - 1018 pages
...capital stock of such association actually paid in : Provided, that the bonafide bill a 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." Allen... | |
 | Ohio - Session laws - 1879 - 368 pages
...of such company actually paid in: provided, that the discount of fxma 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 money borrowed. SEC.... | |
 | John Torrey Morse - Banking law - 1879 - 724 pages
...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.... | |
 | Irving Browne - National banks (United States). - 1880 - 638 pages
...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...the same, shall not be considered as money borrowed. Thomp. NB Cas. 160, 189, 175, 396, 488, 828, 869; ante, 400. Associations not to loan upon, or purchase... | |
 | California. Legislature - California - 1880 - 403 pages
...kind of securities it may accept. The National Banks are only allowed to loan ten (10) per cent, oí drawn in good faith against actually existing values,...the same, shall not be considered as money borrowed. We do not desire to be considered too radical in our suggestions, and have, for that reason, recommended... | |
 | National Board of Trade (U.S.) - Transportation - 1885 - 230 pages
...limitation which is placed upon the first part. The latter part of the section reads as follows : " But the discount of bills of exchange, drawn in good...same, shall not be considered as money borrowed." Now, although there is a limitation of ten per cent, of the capital of any National Banking Association,... | |
 | Illinois - Law - 1887 - 360 pages
...shall at no time exceed one-tenth part of the amount of capital of such association actually paid in. But the discount of bills of exchange drawn in good...the same, shall not be considered as money borrowed. § 11. Associations may be organized under this act in incorporated towns, villages, or cities of not... | |
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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. 
