11-724. County sports authority bonds as legal
investments
County sports authority bonds issued under this article are securities in which
public officers and bodies of this state and of municipalities and political subdivisions
of this state, all companies, associations and other persons carrying on an insurance
business, all financial institutions, investment companies and other persons carrying on
a banking business, all fiduciaries and all other persons who are authorized to invest in
obligations of the county may properly and legally invest. The bonds are also securities
which may be deposited with public officers or bodies of this state and municipalities
and political subdivisions of this state for purposes which require the deposit of state
or county bonds or obligations.
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