All bonds issued under the provisions of this chapter shall be legal investments for trustees and other fiduciaries, and for savings banks, trust companies, the board of trustees of the public employees’ retirement system, and insurance companies organized under the laws of the State of Mississippi, and such bonds shall be legal securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and political subdivisions for the purpose of securing the deposit of public funds.
Miss. Code Ann. § 59-5-63
Bonds as legal investments and securities for deposits of public funds
Known as the State Ports and Harbors Law
The act spans §§ 59–59 (35 sections).
Codes, 1942, § 7564-23; Laws, 1958, ch. 365, § 23, eff from and after passage (approved April 28, 1958
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.