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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. "
The National-bank Act, as Amended: With Other Laws Relating to National Banks - Page 59
by United States - 1911 - 174 pages
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Public Documents of Massachusetts, Volume 6, Part 1

Massachusetts - 1894 - 760 pages
...part of such amount of the APPENDIX. liii capital stock of this corporation as is actually paid up. But the discount of bills of exchange drawn in good...against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered...
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Official Opinions of the Attorneys General of the United States: Advising ...

United States. Department of Justice - 1909 - 732 pages
...company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such associations,...against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered...
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Statutes of the United States of America

United States - 1917 - 706 pages
...discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the 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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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1876 - 300 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...against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered...
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Acts Passed by the General Assembly of Georgia

Georgia - 1876 - 456 pages
...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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The N.Y. Weekly Digest of Cases Decided in the U.S. Supreme ..., Volume 14

1882 - 664 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 faith against actual existing values, and the discount of commercial or business paper actually owned by the person...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 302 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...against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 288 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...against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered...
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 2

Irving Browne - 1880 - 638 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...against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 241-242

1917 - 2042 pages
...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...same, shall not be considered as money borrowed." "Sec. 5239. If the directors of any national banking association shall knowingly violate, or knowingly...
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