Sec. 8-311. Bonds and notes issued under this chapter are securities for investment purposes.
Sec. 8-311. Bonds and notes issued under this chapter are securities for investment purposes. The notes and bonds issued pursuant to this chapter 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,
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 state, may properly and legally invest funds, including capital,
in their control or belonging to them. The notes and bonds are also hereby made securities
which may be deposited with and may be received by all public officers and bodies of
the state and all municipalities for any purpose of which the deposit of bonds or other
obligations of the state is now or may hereafter be authorized.
(P.A. 79-596, S. 12, 17.)