Delaware Code
Chapter 4. DELAWARE INTERSTATE HIGHWAY DIVISION
§ 416. Bonds as legal investments for institutions and fiduciaries, and as legal deposit.

Bonds issued under the authority of this chapter are made securities in which all state and municipal officers and administrative departments, boards and commissions of the State, all banks, bankers, savings banks, trust companies, saving and loan associations, investment companies and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all administrators, executors, guardians, trustees and other fiduciaries, and all other persons whatsoever, who now or may hereafter be authorized to invest in bonds or other obligations of the State, may properly and legally invest any funds, including capital belonging to them or within their control; and such bonds are made securities which may properly and legally be deposited with and received by any state, county or municipal officer or agency of the State for any purpose for which the deposit of bonds or other obligations of the State is now or may after July 27, 1955, be authorized by law.

Structure Delaware Code

Delaware Code

Title 17 - Highways

Chapter 4. DELAWARE INTERSTATE HIGHWAY DIVISION

§ 401. Definitions.

§ 402. Purpose.

§ 403. Control, operation and revenues of Delaware Memorial Bridge and approaches vested in Department.

§ 404. Contracts for maintenance of Delaware Memorial Bridge or repairs or improvements.

§ 405. Construction of toll crossings, highways, express highways and parallel service roads; operation of competitive commercial enterprises.

§ 406. Acquisition of property for toll crossings.

§ 407. Use of lands under Delaware River.

§ 408. Regulations for use of Bridge or other toll crossings for public utility facilities; penalty for violations.

§ 409. Insurance.

§ 410. Employment of general manager, guards and toll keepers; indemnity bond.

§ 411. Other crossings prohibited.

§ 412. Exemption from taxation.

§ 413. Bonds for construction of facilities.

§ 414. Bonds for refunding of outstanding obligations.

§ 415. Form and terms of bonds; disposition of proceeds.

§ 416. Bonds as legal investments for institutions and fiduciaries, and as legal deposit.

§ 417. Credit of State not pledged.

§ 418. Trust indenture.

§ 419. Remedies of bondholders and trustees.

§ 420. Power to collect and pledge tolls and revenues; fixation of tolls, rates or charges.

§ 421. Contributions.

§ 422. Moneys as trust funds.

§ 423. State covenant for control of crossings.

§ 424. Pecuniary interest of member or employee; penalty.

§ 425. Penalty for nonpayment of toll.

§ 426. Construction of chapter.