The bonds of the authority are hereby made securities in which all public officials
and bodies of the state and all municipalities, 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, investment
companies and other persons carrying on a banking business, and 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 other obligations of the
state, may properly and legally invest funds including capital in their control or
belonging to them. The bonds are also hereby made securities which may be deposited with and may be
received by all public officers and bodies of the state all municipalities for any
purposes for which the deposit of bonds or other obligations of the state is now or
hereafter may be authorized.
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