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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. "
Public and Local Acts of the Legislature of the State of Michigan - Page 11
by Michigan - 1891
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Annual Report of the Secretary of the Treasury on the State of the Finances ...

United States. Department of the Treasury - Finance, Public - 1891
...of the amount of the capital stock of such association actually paid in. But the discount of bille of exchange drawn in good faith against actually existing...the same, shall not be considered as money borrowed. This limitation is found to be wholesome in its general application, but recent event« indicate that...
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Acts and Resolves Passed by the ... Legislature of the State of Maine

Maine - Law - 1891
...of the capital stock of this corporation as is actually paid up, and one-tenth part of its deposits. But the discount of bills of exchange drawn in good...commercial or business paper actually owned by the party negotiating the same, shall not be considered as money borrowed. Sect. 9. The capital stock of...
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Session Laws

South Dakota - Session laws - 1891
...against actual existing values or loans upon produce in transit or in store as collateral security and the discount of commercial or business paper actually...the same shall not be considered as money borrowed. § 23. PENALTIES FOR VIOLATION OF ACT.] Any person or persons violating the provisions of this act....
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Laws Passed at the 1st- Session of the Legislature of the State of South ...

South Dakota - Law - 1891
...agajnst actual existing values or loans upon produce in transit or in store as collateral security and the discount of commercial or business paper actually...the same shall not be considered as money borrowed. § 23. PENALTIES FOR VIOLATION OF ACT.] Any person or persons violating the provisions of this act....
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General Laws of the State of Kansas

Kansas - Law - 1891
...against actual existing values or loans upon produce in transit, or in store as collateral security, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. SEC. 15. Every officer, agent or clerk of any bank under False statement. this act, who willfully and...
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Journal of the Senate of the General Assembly, Part 37

Illinois. General Assembly. Senate - Illinois - 1891
...clause 7th, at lino 28, the following; words: "And, provided furtlier, "that the discount of bills o! exchange drawn in good faith, against actually existing...commercial or business paper actually owned by the person, firm, company or corporation negotiating the same, shall not he considered as prohibited by this section."...
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Laws of the United States Relating to Currency, Finance, and Banking from ...

United States - Banking law - 1891 - 310 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. exceeding...
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Acts and Joint Resolutions Passed by the General Assembly of the State of ...

Virginia - 1892 - 1236 pages
...exceed one-tenth part of the amount of the capital stock actually paid in, and surplus fund, of said bank. But the discount of bills of exchange drawn...commercial or business paper, actually owned by the person . . ,. , , r •r WL i • ii negotiating the same, shall not be considered as money borrowed. 2. This...
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The General Banking Laws of the State of New York: Including the Banking Law ...

New York (State) - Banking law - 1892 - 275 pages
...surplus; but the discount of bills of exchange drawn in good faith against actually existing values, or of commercial or business paper actually owned by...person negotiating the same shall not be considered as a part of any such loan or discount. 2. No such corporation nor any of its directors, officers, agents...
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Hand-book for Bank Officers

George Mathewes Coffin - Banks and banking - 1893 - 107 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. Examples Illustrating Excessive Loans and Such as are Not Excessive. There is probably no section of...
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