nds or notes issued under the provisions of this Chapter are hereby made securities in which all public officers and public bodies of the Territory and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Such bonds or notes are hereby made securities which may properly and legally be deposited with and received by any territory or municipal officer or any agency or political subdivision of the Territory for any purpose for which the deposit of bonds, notes or obligations of the Territory is now or may hereafter be authorized by law.
SOURCE: GC §53608.16, as added by P.L. 12-69.