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... Laws of the State of New York - Page 605by New York (State) - 1935Full view - About this book
| Tennessee - 1921 - 760 pages
...State may, if amply secured and not in default as to principal and interest, be valued as follows: If purchased at" par, at the par value; if purchased...bring the value to par at maturity and so as to yield in the meantime the effective rate of interest, at which the purchase was made; provided, that the... | |
| South Dakota - 1921 - 612 pages
...state may, if amply secured and not in default as to principal and •interest, be valued as follows: If purchased at par. at the par value; if purchased...bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made; provided that the purchase... | |
| Michigan - 1921 - 982 pages
...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 purchase was made: Provided, That the pur- Proviso, chase price shall in no case be taken at a higher figure than the actual market value... | |
| West Virginia. Legislature. House of Delegates - 1921 - 1662 pages
...as follows: If purchased at 6 par, at the par value ; if purchased above par or below par, on the 7 basis of the purchase price adjusted so as to bring the value to par 8 at maturity and so as to yield in the meantime the effective rate 9 of interest at which the purchase... | |
| Iowa - 1921 - 552 pages
...state may, if amply secured and not 5 in default as to principal and interest, be valued as follows: 6 If purchased at par, at the par value ; if purchased above or below 7 par, on the basis of the purchase price adjusted so as to bring the 8 value to par at maturity and... | |
| Kentucky - 1922 - 562 pages
...State, may, if amply secured and not in default as to principal and interest, be valued as follows: If purchased at par, at the par value ; if purchased...bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made ; provided that the purchase... | |
| Massachusetts - 1923 - 900 pages
...secured and not in default as to principal or interest, be valued in the financial statement as follows: If purchased at par, at the par value; if purchased...effective rate of interest at which the purchase was made. Subject to the approval of the retirement board, the city treasurer shall have custody of the funds... | |
| California - 1923 - 588 pages
...to principal or interest, may in the discretion of the insurance commissioner, be valued as follows: If purchased at par at the par value; if purchased...bring the value to par at maturity and so as to yield the effective rate of interest at which the purchase was made; provided, that the purchase price shall... | |
| Ohio - 1923 - 728 pages
...default as to principal and interest, be valued as follows: If purchased at par, at the par value; jf purchased above or below par, on the basis of the...bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made; provided that the purchase... | |
| 1924 - 1022 pages
...debt, having a fixed term and rate, held by any insurance company, may be valued as follows : * * * if purchased above or below par, on the basis of the...purchase price, adjusted so as to bring the value to oar at maturity and so as to yield in the meantime tht effective rate of interest at which the purchase... | |
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