49-1265. Water quality bonds as legal
investments
Water quality 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 this state may properly and legally invest. The bonds are also securities
that may be deposited with public officers or bodies of this state and municipalities and
political subdivisions of this state for purposes that require the deposit of state bonds
or obligations.
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