Bonds issued under this chapter are securities in which all public officers and public bodies of the state 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. These bonds may be deposited with a state or municipal officer of an agency or political subdivision of the state for any purpose for which the deposit of bonds of the state is authorized by law.
Structure Alaska Statutes
Title 42. Public Utilities and Carriers and Energy Programs
Chapter 40. Alaska Railroad Corporation
Sec. 42.40.600. General provisions.
Sec. 42.40.610. Negotiable instruments.
Sec. 42.40.620. Bonds eligible for investment.
Sec. 42.40.630. Payment of bonds.
Sec. 42.40.640. Security for bonds.
Sec. 42.40.650. Independent financial advisor.
Sec. 42.40.660. Validity of signatures.
Sec. 42.40.670. Validity of pledge.
Sec. 42.40.675. Pledge of the state.
Sec. 42.40.690. Credit of state not pledged.