TITLE 42

State Affairs and Government

CHAPTER 42-99

Convention Center Authority Act

SECTION 42-99-14



   § 42-99-14  Notes and bonds as legal

investments. –

The notes and bonds of the corporation shall be legal investments in which all

public officers and public bodies of this state, its political subdivisions,

all municipalities and municipal subdivisions, all insurance companies and

associations, and other persons carrying on an insurance business, all banks,

bankers, banking institutions including savings and loan associations, building

and loan associations, trust companies, savings banks and savings associations,

investment companies and other persons carrying on a banking business, all

administrators, guardians, executors, trustees and other fiduciaries, and all

other persons whatsoever who are now or may hereafter be authorized to invest

in bonds or in other obligations of the municipality or state, may properly and

legally invest funds, including capital, in their control or belonging to them.

The notes and bonds are also made securities which may properly and legally be

deposited with and received by all public officers and bodies of the state or

any agency or political subdivision of the state and all municipalities and

public corporations for any purpose for which the deposit of bonds or other

obligations of the state or municipality is now or may hereafter be authorized

by law.



History of Section.

(P.L. 1987, ch. 455, § 14.)