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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. "
Wisconsin Session Laws - Page 373
by Wisconsin - 1935
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Public Documents of Massachusetts, Volume 6, Part 1

Massachusetts - 1894
...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 same, shall not be considered as money borrowed. SECT. 18. Such corporation may hold real estate suitable for the transaction of its business to an...
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Official Opinions of the Attorneys General of the United States: Advising ...

United States. Department of Justice - 1909
...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 faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not...
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Statutes of the United States of America

United States - 1917
...company, but the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by...person negotiating the same shall not be considered as borrowed money within the meaning of this section. r., req ,р^е pecierai reserve bank, as a condition...
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The N.Y. Weekly Digest of Cases Decided in the U.S. Supreme ..., Volume 14

1882
...discount of bills of exchange drawn in good faith against actual existing values, and the discount of commercial or business paper actually owned by...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...
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Acts Passed by the General Assembly of Georgia

Georgia - 1876
...paid in ; but the discount of bills of exchange drawn in good faith, and the discount of commercial paper actually owned by the person negotiating the same shall not be considered as borrowed money. Semiannual SEC. VI. Be it furtlier enacted, That the Directors of said div1dends bank...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1876 - 270 pages
...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 faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not...
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Gold and Debt; and American Hand-Book of Finance

W.L. Fawcett - 1877
...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 faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 270 pages
...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 faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not...
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 2

Irving Browne - 1880
...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 faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not...
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The Southern Law Review, Volume 6

1881
...capital stock paid in. But bills discounted bona fide against existing values, and discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money loaned. Under this section it has generally been held that when such loans have actually been made,...
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