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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. "
Digest of the Federal Reserve Act: Including Amendments to April 13, 1920 - Página 9
por Guaranty Trust Company of New York - 1920 - 35 páginas
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Revisal of 1908 of North Carolina: Being the Public and General ..., Volumen1

North Carolina - 1908 - 1482 páginas
...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. This section shall not apply to banks with a paid-up capital...
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The Banking Law Passed by the General Assembly of the State of Rhode Island ...

Rhode Island - 1908 - 86 páginas
...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. t' SEC. 62. No bank or trust company shall make f- any loan...
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Annual Reports of the War Department

United States. War Department - 1908 - 446 páginas
...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. ARTICLB IX. Before making loans on precious metals, merchandise,...
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Modern Banking Methods and Practical Bank Bookkeeping

Albert Reed Barrett - 1908 - 346 páginas
...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. DIVIDENDS ANT» SURPLUS FUND. 77. (SEC. 5199.) The directors...
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Annual Report, Volumen8,Página 3

1908 - 440 páginas
...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. ARTICLE IX. Before making loans on precious metals, merchandise,...
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The Consolidated Laws of the State of New York, Passed at the One Hundred ...

New York (State) - 1909 - 876 páginas
...corporation or firm, or loan upon, bills of exchange drawn in good faith against actually existing values, or commercial or business paper actually owned by the person negotiating the same, a sum not exceeding twenty-five per centum of its capital stock actually paid in and surplus if its...
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Corporation Laws of the State of California

California - 1909 - 912 páginas
...warehouse receipts and bills of exchange, drawn in good faith against actual existing value or against commercial or business paper actually owned by the person negotiating the same. Loans; securities of corporations. SEC. 81. No loan shall be made by any commercial bank upon the securities...
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The Consolidated Laws of the State of New York, 1909: Prepared Under the ...

New York (State) - 1909 - 960 páginas
...corporation or firm, or loan upon, bills of exchange drawn in good faith against actually existing values, or commercial or business paper actually owned by the person negotiating the same, a sum not exceeding twenty-five per centum of its capital stock actually paid in and surplus if its...
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The Consolidated Laws of the State of New York, Volumen1

New York (State) - 1909 - 866 páginas
...corporation or firm, or loan upon, bills of exchange drawn in good faith against actually existing values, or commercial or business paper actually owned by the person negotiating the same, a sum •;*.".> not exceeding twenty-five per centum of its capital stock actually ".•••'. P^d...
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The Laws of the State of New York Relating to Banks, Banking, Trust ...

Willis Seaver Paine - 1910 - 874 páginas
...collaterals shall not exceed one-half the actual paid-in capital stock and surplus of such banks or bankers, or of commercial or business paper actually owned by the person negotiating the same. This percentage of ten per centum was in 1896 increased to fifteen per centum. Other amendments made...
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