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. Public Documents of Massachusetts - Page xxxvby Massachusetts - 1902Full view - About this book
| Massachusetts. Attorney General's Office - Attorneys general's opinions - 1919 - 180 pages
...having a capital stock of less than five hundred thousand dollars shall at no time exceed one fifth of such amount of the capital stock of the corporation...negotiating it, shall not be considered as money borrowed. .The total liabilities to any one such corporation of any government, either foreign or domestic, other... | |
| United States. Congress. House - United States - 1863 - 1178 pages
...such association actually paid in: Provided, That the discount ofbona 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. "... | |
| Commerce - 1864 - 496 pages
...association actually paid in : Provided, That the discount of hona fide bills of exchange drawn agaiust actually existing values; and the discount of commercial or business paper, actually owned by the person or persous, corporation, or firm; negotiating the same, shall not he considered as money borrowed.... | |
| James M. Hiatt - United States - 1868 - 426 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.... | |
| Frederick Charles Brightly - Law - 1869 - 680 pages
...such association actually paid in : Provided, That the discount of bond, fide bills of exchange drawn nsuls or by himself, if asked for upon or persons, corporation or firm negotiating the same, shall not be considered as money borrowed. 30.... | |
| John Torrey Morse (Jr.) - Banking law - 1870 - 600 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.... | |
| United States. Department of Justice - Attorneys general's opinions - 1909 - 732 pages
...such liabilities shall in no event exceed thirty per centum of the capital stock of the association. But the discount of bills of exchange drawn in good...business paper actually owned by the person negotiating the same, shall not be considered as money borrowed." Section 5202, Revised Statutes, enacts : " No... | |
| William Adams Richardson - History - 1873 - 208 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.... | |
| Ohio - Session laws - 1873 - 622 pages
...stock of such association actually paid in : Provided, that the discount of bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, company or firm negotiating the same, shall not be considered as iiiouey borrowed.... | |
| William Adams Richardson - History - 1873 - 192 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.... | |
| |