It shall be legal for any bank, trust company, banker, savings bank, or banking institution; any building and loan association, savings and loan association, or investment company; any other person carrying on a banking or investment business; any insurance company, insurance association, or other person carrying on an insurance business; and any executor, administrator, curator, trustee, or other fiduciary to invest funds or moneys in their custody in any of the securities authorized to be issued pursuant to the provisions of this part 5. Public entities, as defined in section 24-75-601 (1), C.R.S., may invest public funds in such bonds only if said bonds satisfy the investment requirements established in part 6 of article 75 of title 24, C.R.S. Such securities shall be authorized security for all public deposits. Nothing in this section with regard to legal investments shall be construed as relieving any public body or other person of any duty of exercising reasonable care in selecting securities.
Source: L. 62: p. 223, § 14. C.R.S. 1963: § 89-15-44. L. 89: Entire section amended, p. 1131, § 71, effective July 1.
Structure Colorado Code
Article 4 - Water and Sanitation Districts
Part 5 - Metropolitan Sewage Disposal Districts
§ 32-4-501. Legislative Declaration
§ 32-4-503. Liberal Construction
§ 32-4-504. Sufficiency of Part 5
§ 32-4-505. Limitation on Scope of Part 5
§ 32-4-506. Purpose, Boundaries, and Powers
§ 32-4-507. Powers of Public Bodies
§ 32-4-509. Board of Directors
§ 32-4-510. Powers of the District
§ 32-4-511. Levy and Collection of Taxes
§ 32-4-512. Boundary Changes - Liability of Property
§ 32-4-513. Inclusion of Territory
§ 32-4-514. Annexation and Consolidation of Territory by Municipalities
§ 32-4-515. Exclusion of Territory
§ 32-4-516. Service of Areas Outside the Boundaries of the District
§ 32-4-517. Dissolution of Districts
§ 32-4-520. Correction of Faulty Notices
§ 32-4-522. Rates and Service Charges
§ 32-4-524. Payment of Securities
§ 32-4-525. Incontestable Recital in Securities
§ 32-4-527. Sale of Securities
§ 32-4-528. Application of Proceeds
§ 32-4-529. Covenants in Security Proceedings
§ 32-4-530. Remedies of Security Holders
§ 32-4-531. Cancellation of Paid Securities
§ 32-4-532. Interest After Maturity
§ 32-4-534. Cumulative Rights of Security Holders
§ 32-4-535. Issuance of Notes and Pledge of Bonds as Collateral Security
§ 32-4-536. Connections With Existing Drains and Pumping Stations
§ 32-4-537. Connections With Drains Serving Property - Service Charges
§ 32-4-538. Construction of Other Sewage Disposal Systems Prohibited
§ 32-4-540. Confirmation of Contract Proceedings
§ 32-4-541. Preliminary Expenses
§ 32-4-543. Freedom From Judicial Process
§ 32-4-544. Legal Investments in Securities