Title 10, Chapter 9, Section 56
( 10-9-56)
The revenue bonds authorized by this article are made securities in
which all public officers and bodies of this state and all
municipalities and all political subdivisions of this state; all
insurance companies and associations and other persons carrying on
an insurance business; all banks, bankers, trust companies, savings
banks, and savings associations, including savings and loan
associations, building and loan associations, investment companies,
financial institutions, and other persons carrying on a banking
business; all administrators, guardians, executors, trustees, and
other fiduciaries; and all other persons who are authorized to
invest in bonds or other obligations of the state may properly and
legally invest funds including capital in their control or belonging
to them. The revenue bonds are also made securities which may be
deposited with and shall be received by all public officers and
bodies of this state and all municipalities and political
subdivisions of this state for any purpose for which the deposit of
the bonds or other obligations of this state may be authorized. |