1369 - Bond legal investments.

§  1369. Bond legal investments. The bonds of the authority are hereby  made securities in which all public officers and bodies of the state  of  New  York and all municipalities and municipal subdivisions thereof, 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,  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, the 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 the state of New  York and all municipalities and municipal subdivisions thereof  for  any  purpose for which the deposit of bonds or other obligations of the state  is now, or may hereafter be, authorized.