 | Horace White - Banks and banking - 1902 - 494 pages
...lend more than one-tenth of its capital to one person, corporation, or firm, directly or indirectly. But the discount of bills of exchange drawn in good...commercial or business paper actually owned by the Restrictions. . . ;' , person negotiating the same, shall not be considered as money borrowed. A bank... | |
 | Albert Reed Barrett - Banks and banking - 1908 - 346 pages
...tune 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. DrvjHK.vus AND SURPLUS FUND. 77. (SEC. 5199.) The directors of any association may, semi-annually,... | |
 | Michigan. Department of Attorney General - 1903 - 172 pages
...to destroy the force and effect of the limitation itself. The exception to which I refer relate to the discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same, and which in my opinion should be strictly construed and should be held to apply to no transaction... | |
 | Kansas, Gasper Christopher Clemens - 1903 - 328 pages
...values or loans upon produce in transit, or upon warehouse or elevator receipts as collateral security, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. The bank commissioner may at any time order any excess loan reduced to the legal limit within sixty... | |
 | William MacDonald - History - 1903 - 464 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.... | |
 | Alonzo Barton Hepburn - Coinage - 1903 - 692 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.... | |
 | John Melville Gould - Banking law - 1904 - 316 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." Referred to in Briggs v. Spaulding, 141 US 132, 143, 161 ; Thompson v. Sioux Falls Nat. Bank, 150 US... | |
 | Wisconsin. Banking Dept - Banks and banking - 1904 - 572 pages
...discounting of bills of exchange drawn in good faith against actually existing values, and the discounting of commercial or business paper actually owned by...negotiating the same, shall not be considered as money 1xxrrowed ; provided, that by a two-thirds vote of the directors, the liabilities of any person, co-partnership... | |
 | Michigan. Banking Division - Banks and banking - 1904 - 422 pages
...which I refer relate to the discount of bills of exchange drawn in good faith against actually exlsting values, and the discount of commercial or business...actually owned by the person negotiating the same, and which in my opinion should be strictly construed and should be held to apply to no transaction... | |
 | North Carolina, Thomas Brown Womack, Needham Y. Gulley, William R. Rodman - Law - 1905 - 1412 pages
...one-tenth part of the amount of the capital stock of such bank or banking institution actually paid in. But the discount of bills of exchange drawn in good...the same shall not be considered as money borrowed. This section shall not apply to banks with a paid-up capital of one hundred thousand dollars or less.... | |
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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. 
