As Amended
SEC. 65-23-119. Bonds as legal investments.
Bonds issued under the authority of this article are hereby declared to be legal and authorized investments for banks, savings banks, trust companies, building and loan associations, insurance companies, fiduciaries, trustees, guardians, and for all public funds of the State of Mississippi, including but not limited to the sinking funds of cities, towns, villages, counties, school districts, or other political corporations or subdivisions of the State of Mississippi. Such bonds shall be eligible to secure the deposit of any and all public funds of the State of Mississippi and any and all public funds of cities, towns, villages, counties, school districts, or other political corporations or subdivisions of the State of Mississippi, and such bonds shall be lawful and sufficient security for said deposits to the extent of their value when accompanied by all unmatured coupons appertaining thereto.
SOURCES: Codes, 1942, Sec. 8447-10; Laws, 1950, ch. 406, Sec. 10.