48-3200. Certified bonds as legal investment
for savings bank or as security for public funds
Bonds certified in accordance with the provisions of sections 48-3201 through
48-3205 shall be legal investments for funds of savings banks transacting business within
the state, and may be deposited to secure public funds in the state. No savings bank in
the state shall invest any of its funds in bonds of an irrigation district not certified,
nor shall irrigation district bonds not so certified be available to secure public funds.
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