32:11B-9 - Legal investments in securities issued to finance memorial riverĀ crossing
32:11B-9.Ā Legal investments in securities issued to finance memorial riverĀ crossing
The following may, in addition to other investments allowed by law, properlyĀ and legally invest any funds, including capital, belonging to them or withinĀ their control in bonds or other obligations issued by the State of Delaware forĀ the purpose of financing the cost of constructing a crossing over or under theĀ Delaware river between the State of New Jersey and the State of Delaware, as aĀ memorial to the citizens of the States of Delaware and New Jersey who gaveĀ their lives in the armed forces of the United States in World War II;Ā that isĀ to say:
(a) Insurance companies, insurance associations, and all other persons carrying on an insurance business.
(b) Executors, administrators, guardians, committees, conservators, liquidators, rehabilitators, receivers, trustees, and all other persons occupying similar fiduciary positions.
(c) Banks, trust companies, bankers and savings banks.
(d) Savings and loan, and building and loan associations, investment companies, and other financial institutions.
(e) Credit unions, cemetery associations, mutual benevolent and benefit associations.
(f) Firemen's, police, and teachers' association pension and relief funds.
(g) Other pension, retirement, compensation, and sinking fund systems.
(h) The State and its counties, and municipalities and their subdivisions and agencies.
(i) All public officers, officials, boards, commissions, bodies and agenciesĀ of the State and its counties, and municipalities and their subdivisions andĀ agencies.
(j) Any other individual, firm, group, corporation, association, institution, and fund of any nature whatsoever.
L.1948, c. 179, p. 923, s. 1.
Ā
The following may, in addition to other investments allowed by law, properlyĀ and legally invest any funds, including capital, belonging to them or withinĀ their control in bonds or other obligations issued by the State of Delaware forĀ the purpose of financing the cost of constructing a crossing over or under theĀ Delaware river between the State of New Jersey and the State of Delaware, as aĀ memorial to the citizens of the States of Delaware and New Jersey who gaveĀ their lives in the armed forces of the United States in World War II;Ā that isĀ to say:
(a) Insurance companies, insurance associations, and all other persons carrying on an insurance business.
(b) Executors, administrators, guardians, committees, conservators, liquidators, rehabilitators, receivers, trustees, and all other persons occupying similar fiduciary positions.
(c) Banks, trust companies, bankers and savings banks.
(d) Savings and loan, and building and loan associations, investment companies, and other financial institutions.
(e) Credit unions, cemetery associations, mutual benevolent and benefit associations.
(f) Firemen's, police, and teachers' association pension and relief funds.
(g) Other pension, retirement, compensation, and sinking fund systems.
(h) The State and its counties, and municipalities and their subdivisions and agencies.
(i) All public officers, officials, boards, commissions, bodies and agenciesĀ of the State and its counties, and municipalities and their subdivisions andĀ agencies.
(j) Any other individual, firm, group, corporation, association, institution, and fund of any nature whatsoever.
L.1948, c. 179, p. 923, s. 1.
Ā