 | A.S. Pratt & Sons - Banking law - 1886 - 252 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. 44 excess of the limit would be in violation of the letter of the law. There is no specific penalty... | |
 | Illinois - Law - 1887 - 2194 pages
...in. But the discount of bills of exchange drawn in gix>d faith, against actually existing values, aud the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. 11. Capital stock — impairment thereof. §11. Associations may be organized under this act in incorporated... | |
 | Illinois. General Assembly. Senate - Illinois - 1888 - 1248 pages
...no time exceed one-tenth part of the amount of capital stock of such association actually paid in. But the discount of bills of exchange drawn, in good...same, shall not be considered as money borrowed." The question then being, "Shall the foregoing Senate Bill No. 251, be engrossed, as amended, and placed... | |
 | Virginia - Law - 1888 - 1220 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. 1169. Surplus fund; dividends.— There shall be no dividend of profits of a higher rate than... | |
 | Law reports, digests, etc - 1882 - 664 pages
...association actually paid in. But the discount of bills of exchange drawn in good faith against actual existing values, and the discount of commercial or...same, shall not be considered as money borrowed." US Rev. Stat., £ 5200. These drafts had no valid or legal inception until they were discounted and... | |
 | John Torrey Morse (Jr.) - Banking law - 1888 - 712 pages
...§ 128. Kansas Valley Bank v. Rowell, 2 Dill. 371. 2 § 129. » See Ultra vires, Legislative Intent. discount of commercial or business paper actually...the same, shall not be considered as money borrowed. § 30. (5197.) Interest, what Rate may be taken.1 — Any association may take, receive, reserve, and... | |
 | Massachusetts - Law - 1888 - 910 pages
...bills of exchange drawn in good faith against actually existing values, and the discount of commereial or business paper actually owned by the person negotiating...the same, shall not be considered as money borrowed. SECTION 18. Such corporation may hold real estate May now real suitable for the transaction of its... | |
 | Illinois - Law - 1889 - 2184 pages
...at no time exceed one-tenth part of the, amount of capital of such association actually paid in. Hut the discount of bills of exchange drawn in good faith",...the same, shall not be considered as money borrowed. 11. Capital stock — impairment thereof. §11. Associations may be organized under this act in incorporated... | |
 | United States - Finance, Public - 1889 - 90 pages
...such association actually paid in: Provided, that the discount of bond 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. [Section... | |
 | Kentucky - Law - 1890 - 1454 pages
...exchange drawn in good faith against actually existing values, and the discount of commercial paper, or business paper actually owned by the person negotiating...the same, shall not be considered as money borrowed. § 4. The share-holders of said bank may enter into articles of association, which may contain any... | |
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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. 
