12-2528. Same; securities as lawful investment.
12-2528
12-2528. Same; securities as lawful investment.
Any notes, bonds or other instruments in writing issued by the Kansas
City area transportation authority pursuant to the provisions of the
aforesaid compact are hereby recognized to be securities in which all state
and municipal officers and bodies, all banks, bankers, trust companies,
savings banks, savings associations, building and loan associations,
investment companies, and all other persons carrying on a banking business,
all insurance companies, insurance associations, and other persons carrying
on an insurance business, and all administrators, executors, guardians,
trustees and other fiduciaries and all other persons whatsoever who are now
or who may hereafter be authorized to invest in bonds or other obligations
of state of Kansas may properly and legally invest any funds, including
capital, belonging to them, or within their control; and the said
obligations are hereby recognized as securities which may properly and
legally be deposited with and shall be received by any state or municipal
officer or agency for any purpose for which the deposit of bonds or other
obligations of this state is now or may hereafter be authorized.
History: L. 1965, ch. 115, § 5; June 30.