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" ... follows: If purchased at par, at the par value; if purchased above or below par, on the basis of the purchase price adjusted so as to bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the... "
Journal of the Senate of the State of Michigan - Página 929
por Michigan. Legislature. Senate - 1921
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Laws

Illinois - 1927 - 996 páginas
...maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made; provided, that the purchase price shall in no case...than the actual market value at the time of purchase: ami provided further, that the Director of Trade and Commerce shall have full discretion in determining...
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Session Laws of the State of Minnesota

Minnesota - 1919 - 1094 páginas
...maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made; provided that the purchase price shall in no case...calculating values according to the foregoing rule. Approved March 7, 1919. CHAPTER 55— SF No. 695. » An act to establish a municipal court in the Village...
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History of the Foundation of the Actuarial Society of America, Volumen21

Actuarial Society of America - 1920 - 674 páginas
...maturity and so as to yield meantime the effective rate of interest at which the purchase was made ; provided that the purchase price shall in no case...the time of purchase, and provided further that the superintendent of insurance shall have full discretion in determining the method of calculating values...
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Acts and Resolutions Adopted by the Legislature of Florida, Volumen1

Florida - 1923 - 668 páginas
...and so as to yield in the meantime the effective rate of interest at which the purchase was made ; provided that the purchase price shall in no case...actual market value at the time of purchase ; and, ch"P- 9149provided further, that the State Treasurer shall have full 1923 discretion in determine the...
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Statutes of Alberta

Alberta - 1926 - 672 páginas
...and so as to yield meantime the effective rate of interest at which the purchase was made ; provided the purchase price shall in no case be taken at a...market value at the time of purchase; and provided the Superintendent shall have full discretion in determining the method of calculating values according...
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Public Acts of the Legislature of the State of Michigan

Michigan - 1921 - 984 páginas
...the effective rate of interest at which the purchase was made: Provided, That the pur- Proviao. chase price shall in no case be taken at a higher figure...actual market value at the time of purchase : And pro- Further vided further, That the Commissioner of Insurance shall have prov ' full discretion in...
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