...due them; available for the redemption of their circulation. Sec. 86. And he it further enacted, That no association shall make any loan or discount on...such shares, unless such security or purchase shall he necessary to prevent loss upon a debt previously contracted in good faith ; and stock so purchased...

...thirty-sixth section abovequoted. On the contrary, the new act by its thirty-fifth section enacted, " That no association shall make any loan or discount on...security of the shares of its own capital stock, nor be tho purchaser nor holder of any such shares, unless such security or purchase shall be necessary to...

...all notes or bills issued by any association existing under and by virtue of this act. SEO. 35. That no association shall make any loan or discount on...of the shares of its own capital stock, nor be the purehaser or holder of any such shares, unless such security or purchase shall be necessary to prevent...

...in, section fifty of the national banking law, approved June 3d 1864.(6) VI. GENERAL PROVISIONS. 36. No association shall make any loan or discount on the security of the shares of 3 June ISM -;?',. its own capital stock, nor be the purchaser or holder of any such shares, unless...

...board of directors to make bylaws, but declares they must not be inconsistent with its provisions. loan or discount on the security of the shares of its own capital stock, nor he the purchaser or holder of any such shares unless to prevent loss on a debt previously contracted...

...inconsistent with its provisions. The 35th section declares that no association shall make any loans, or discount on the security of the shares of its own...the purchaser or holder of any such shares, unless to prevent loss on a debt previously contracted in good faith. The counsel for the plaintiff, in the...

...PURCHASING AND LOANING ON SHARES. SEC. 35. And be it further enacted, That no association Banks not to loan shall make any loan or discount on the security of the shares £oid the^owiT of its own capital stock, 14 nor be the purchaser or holder shares, except m of any...

...PURCHASING AND LOANING ON SHAKES. SEC. 35. And be it further enacted, That no association Banks not to loan shall make any loan or discount on the security of the shares hold thefown' of its own capital stock,' 4 nor be the purchaser or holder shares, except in of any...

...features of the act. The 35th section declares: "That no association shall make any loan or discounts on the security of the shares of its own capital stock,...security or purchase shall be necessary to prevent loss npOD any debt previously contracted in good faith, and stocks so purchased or acquired shall, within...

...Merchants Bank v. Manne Bank, 3 Gill., 97. Section 36 of the act of congress of June 3, 1864, provides that no association shall make any loan or discount on...security or purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith; and stock so purchased or acquired shall, within...