Bonds issued by the Authority under the provisions of this chapter are securities in which all public officers and public bodies of the District, 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 are securities that may properly and legally be deposited with and received by any municipal officer or any agency of the District for any purpose for which the deposit of bonds or obligations is now or may subsequently be authorized by law.
(Dec. 3, 1985, D.C. Law 6-67, § 15, 32 DCR 6093.)
1981 Ed., § 7-1264.
Structure District of Columbia Code
Title 9 - Transportation Systems
Chapter 9 - District of Columbia Regional Airports Authority
§ 9–902. Metropolitan Washington Airports Authority created
§ 9–903. Authorization of the Authority
§ 9–904. Membership; terms; officers
§ 9–905. Powers and duties of the Authority
§ 9–906. Authority rules and regulations
§ 9–908. Operation of foreign trade zone
§ 9–909. Acquisition of property; eminent domain
§ 9–913. Marketability of bonds
§ 9–914. Bonds as legal investments and security for public deposits
§ 9–915. Credit of the District not pledged
§ 9–921. Exemption from taxation
§ 9–922. Jurisdiction of courts; liability for contracts and torts
§ 9–923. Procurement exemption
§ 9–924. Act liberally construed