Bonds issued under this subchapter are made securities in which all state and municipal officers and administrative departments, boards and commissions of the State, all banks, bankers, savings banks or societies, trust companies, building and loan associations, savings 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 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. State-guaranteed bonds are made securities which may properly and legally be deposited with and received by any officer of the State, or of any county, municipality or agency of the State for any purpose for which the deposit of bonds or other obligations of the State is authorized by law.
Structure Delaware Code
Chapter 87A. ECONOMIC DEVELOPMENT
Subchapter VII. Delaware Economic Development Authority
§ 8751A. Findings; declaration of policy.
§ 8753A. Established; organization.
§ 8754A. Deauthorization of state-guaranteed bonds.
§ 8755A. Application for assistance; findings and determinations.
§ 8757A. Covenants with bondholders.
§ 8758A. Pledge of revenues or other property.
§ 8759A. Limitation on liability of State.
§ 8760A. Negotiability of bonds.
§ 8761A. Default in payment of state-guaranteed bonds; insufficient revenues to make payment.
§ 8762A. Limitation of powers of State.
§ 8764A. Bonds as legal investments for institutions and fiduciaries.
§ 8765A. Exemption from taxation.
§ 8766A. Property of Authority exempt from judicial process.
§ 8767A. Liberal construction of subchapter.
§ 8768A. Inconsistent laws inapplicable; facsimile signatures.