The bonds authorized by this article and Article 1 of this chapter are made securities in which all public officers and bodies of this state and all municipalities and all municipal subdivisions; all insurance companies and associations and other persons carrying on an insurance business; all banks, bankers, trust companies, savings banks, and savings associations, including savings and loan associations, building and loan associations, investment companies and other persons carrying on a banking business; all administrators, guardians, executors, trustees and other fiduciaries, and all other persons who are authorized to invest in bonds or other obligations of the state may properly and legally invest funds including capital in their control or belonging to them. The bonds are also made securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and municipal subdivisions for any purpose for which the deposit of the bonds or other obligations of this state may be authorized.
History. Ga. L. 1951, p. 699, § 20.
Structure Georgia Code
Chapter 9 - Georgia Building Authority
§ 50-9-30. Issuance Authorized; Amount; Interest; Redemption
§ 50-9-31. Form, Denomination, Place of Payment, Registration
§ 50-9-32. Valid Signatures, Seal, Attestation
§ 50-9-33. Negotiable Instruments; Exempt From Taxation
§ 50-9-34. Manner and Price of Sale
§ 50-9-36. Interim Certificates and Temporary Bonds Authorized
§ 50-9-37. Replacement of Mutilated or Lost Bonds
§ 50-9-39. Not Debt or Pledge of Credit of State; Bonds to Contain Recital of Provisions
§ 50-9-40. Trust Indentures as Security; Provisions
§ 50-9-41. Authority to Provide for Payment of Proceeds to Person or Agency as Trustee
§ 50-9-42. Sinking Fund; Pledge and Allocation of Funds to Pay Principal and Interest
§ 50-9-43. Rights and Remedies of Bondholders
§ 50-9-45. Authorized Investment and Deposit Securities
§ 50-9-46. Validation; Parties Defendant to Action; Judgment Final and Conclusive