The bonds herein authorized are hereby made securities in which all public officers
and bodies of this state and all municipalities and municipal subdivisions, 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
and other persons carrying on a banking business, and all other persons whomsoever,
except as hereinafter provided, who are now or may hereafter be 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, provided that, notwithstanding
the provisions of any other general or special law to the contrary, such bonds shall
not be eligible for the investment of funds including capital, of trusts, estates
or guardianships under the control of individual administrators, guardians, executors,
trustees and other individual fiduciaries. The bonds are also hereby made securities which may be deposited with and may be
received by all public officers and bodies of this state and all municipalities and
municipal subdivisions for any purpose for which the deposit of bonds or other obligations
of this state is now or may hereafter be authorized.
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