 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 373by Wisconsin - 1935Full view - About this book
 | 1881 - 1014 pages
...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,... | |
 | 1881 - 982 pages
...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,... | |
 | Minnesota - 1883 - 882 pages
...however the last clause of this section makes two exceptions and only two. First — " The discount of bills of exchange drawn in good faith against actually existing values." Second — " The discount of commercial or business paper actually owned by the person negotiating... | |
 | 1891 - 1170 pages
...part of the amount of the capital stock of midi association actually paid in. But the discount of the bills of exchange drawn in good faith against actually existing values, and the discount of business or commercial paper actually owned by the person negotiating the same, shall not... | |
 | National Board of Trade (U.S.) - 1885 - 230 pages
...is placed upon the first part. The latter part of the section reads as follows : " 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... | |
 | Illinois - 1887 - 2194 pages
...discount of bills of exchange drawn in gix>d faith, against actually existing values, aud the discount of commercial or business paper actually owned by...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 - 1887 - 360 pages
...exceed one-tenth part of the amount of capital 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... | |
 | Michigan - 1887
...time exceed one-tenth part of the amount of the capital and surplus of such bank ; 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... | |
 | A.S. Pratt & Sons - 1886 - 252 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... | |
 | Georgia - 1887 - 358 pages
...the discount of bills of exchange drawn in good faith and the discount of commercial paper actuallv owned by the person negotiating the same shall not be considered as borrowed money. Ineorporating tho Bank of Stewart County. surety, notes, mortgages and other evidences... | |
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