§ 3660. Bonds legal for investment and deposit. The bonds of the
authority are hereby made securities in which all public officers and
bodies of the state and all public corporations, municipalities and
municipal subdivisions, all insurance companies and associations and
other persons carrying on an insurance business, all banks, bankers,
trust companies, savings banks and savings associations including
savings and loan associations, building and loan associations,
investment companies and other persons carrying on a banking business,
all administrators, conservators, guardians, executors, trustees and
other fiduciaries, and all other persons whatsoever who are now or may
hereafter be authorized to invest in bonds or in other obligations of
the state, may properly and legally invest funds, including capital, in
their control or belonging to them. The bonds are also hereby made
securities which may be deposited with and may be received by all public
officers and bodies of the state and all municipalities and public
corporations for any purpose for which the deposit of bonds or other
obligations of the state is now or may hereafter be authorized.