§ 584. Bonds as legal investments. The bonds are hereby made
securities in which all public officers and bodies of this state and all
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 institutions
and associations, including savings and loan associations, building and
loan associations, investment companies and other persons carrying on a
banking business, all administrators, guardians, executors, trustees and
other fiduciaries in the state 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 funds,
including capital in their control or belonging to them. The bonds are
also hereby made securities which may be deposited with and shall be
received by all public officers and bodies of this state and all
municipalities and municipal subdivisions for any purpose for which the
deposit of bonds or other obligations of this state is now or may
hereafter be authorized. Notwithstanding any other provision of law, the
notes of the authority are hereby made securities in which the county
may properly and legally invest funds, including capital in its control
or belonging to it, when approved by the supervisors.