§ 13. The bonds or other securities or obligations which may be issued
or incurred by the port authority pursuant to this act, or as security
for which there may be pledged the tolls and other revenues or any part
thereof of any vehicular bridge or tunnel (including the said Holland
tunnel and the said Midtown Hudson tunnel) now or hereafter authorized
by the two said states or both so issued or incurred and so secured, are
hereby made securities in which all state and municipal officers and
bodies, all banks, bankers, trust companies, savings banks, 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, and all administrators,
executors, guardians, trustees and other fiduciaries and all other
persons whatsoever who are now or may hereafter be authorized to invest
in bonds or other obligations of the state, may properly and legally
invest any funds, including capital, belonging to them or within their
control; and said bonds or other securities or obligations are hereby
made 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.