49-1281. Water supply development bonds as
legal investments
Water supply development 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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