A. All bonds issued under this Part and the interest or other income thereon or with respect thereto shall be exempt from all income tax and other taxation in Louisiana.
B. All bonds issued under this Part shall be legal and authorized investments for banks, savings banks, insurance companies, homestead and building loan associations, trustees, and other fiduciaries and may be used for deposit with any officer, board, or political subdivision, in any case where, by present or future laws, deposit or security is required.