[§167-9]  Security for funds deposited byboard.  The board of agriculture may by resolution provide that all moneysdeposited by it shall be secured:

(1)  By any securities by which funds deposited by thedirector of finance of the State may be legally secured, as provided in section38-3; or

(2)  By an undertaking with such sureties as shall beapproved by the board faithfully to keep and pay over upon the order of theboard any such deposits and agreed interest thereon, and all banks and trustcompanies are authorized to give any such security for the deposits. [L 1987, c306, pt of §1]