12-2810.Investment in bonds or certificates by certain public and
private bodies.
The state and all counties, cities, villages, incorporated towns and
other municipal corporations, political subdivisions and public bodies, and
public officers of any thereof, all banks, bankers, trust companies,
savings banks and institutions, building and loan associations, savings and
loan associations, investment companies and other persons carrying on a
banking business, all insurance companies, insurance associations and other
persons carrying on an insurance business, may invest any sinking funds,
moneys or other funds belonging to them or within their control in any
bonds or certificates issued pursuant to this act, it being the purpose of
this section to authorize the investment in such bonds or certificates of
all sinking, insurance, retirement, compensation, pension and [other funds]
whether owned
or controlled by private or public persons or officers: Provided,
however, That nothing contained in this section may be construed as
relieving any person, firm, or corporation from any duty of exercising
reasonable care in selecting securities for purchase or investment.
12-2810.Investment in bonds or certificates by certain public and
private bodies.
The state and all counties, cities, villages, incorporated towns and
other municipal corporations, political subdivisions and public bodies, and
public officers of any thereof, all banks, bankers, trust companies,
savings banks and institutions, building and loan associations, savings and
loan associations, investment companies and other persons carrying on a
banking business, all insurance companies, insurance associations and other
persons carrying on an insurance business, may invest any sinking funds,
moneys or other funds belonging to them or within their control in any
bonds or certificates issued pursuant to this act, it being the purpose of
this section to authorize the investment in such bonds or certificates of
all sinking, insurance, retirement, compensation, pension and [other funds]
whether owned
or controlled by private or public persons or officers: Provided,
however, That nothing contained in this section may be construed as
relieving any person, firm, or corporation from any duty of exercising
reasonable care in selecting securities for purchase or investment.
12-2810.Investment in bonds or certificates by certain public and
private bodies.
The state and all counties, cities, villages, incorporated towns and
other municipal corporations, political subdivisions and public bodies, and
public officers of any thereof, all banks, bankers, trust companies,
savings banks and institutions, building and loan associations, savings and
loan associations, investment companies and other persons carrying on a
banking business, all insurance companies, insurance associations and other
persons carrying on an insurance business, may invest any sinking funds,
moneys or other funds belonging to them or within their control in any
bonds or certificates issued pursuant to this act, it being the purpose of
this section to authorize the investment in such bonds or certificates of
all sinking, insurance, retirement, compensation, pension and [other funds]
whether owned
or controlled by private or public persons or officers: Provided,
however, That nothing contained in this section may be construed as
relieving any person, firm, or corporation from any duty of exercising
reasonable care in selecting securities for purchase or investment.
