All bonds issued under the provisions of Sections 37-101-301 through 37-101-331 shall be legal investments for trustees and other fiduciaries, and for savings banks, trust companies and insurance companies organized under the laws of the State of Mississippi, and such bonds shall be legal securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and political subdivisions for the purpose of securing the deposit of public funds.
Structure Mississippi Code
Chapter 101 - Institutions of Higher Learning; General Provisions
§ 37-101-305. Issuance of general obligation bonds
§ 37-101-307. Manner of payment of principal and interest on bonds
§ 37-101-309. Execution of bonds
§ 37-101-311. Negotiability of bonds and coupons; tax exemption
§ 37-101-313. Powers and duties of State Bond Commission; sale of bonds; interest rates
§ 37-101-315. Liability of state on bonds
§ 37-101-317. Warrants for payment of principal and interest
§ 37-101-321. Validation of bonds
§ 37-101-323. Higher Education Capital Improvement Fund
§ 37-101-325. Protection and enforcement of rights of holders of bonds and coupons
§ 37-101-327. Bonds as legal investments and securities
§ 37-101-329. Construction of provisions
§ 37-101-331. Report as to renovations and repairs at state community and junior colleges