The state and all public officers, municipal corporations, political subdivisions and public bodies, all banks, bankers, trust companies, savings banks and institutions, 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 executors, administrators, guardians, trustees and other fiduciaries and the Mississippi Public Employees' Retirement System may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds issued by the authority, and such bonds shall be authorized security for all public deposits; it being the purpose of this section to authorize any persons, firms, corporations, associations, political subdivisions, bodies and officers, public or private, to use any funds owned or controlled by them, including, but not limited to, sinking, insurance, investment, retirement, compensation, pension and trust funds, and funds held on deposit, for the purchase of any such bonds, and that any such bonds shall be authorized security for all public deposits. However, nothing contained in this chapter with regard to legal investments shall be construed as relieving any person, firm or corporation from any duty of exercising reasonable care in selecting securities.
Structure Mississippi Code
Chapter 73 - Hospital Equipment and Facilities Authority Act
§ 41-73-3. Legislative findings; declaration of public purpose
§ 41-73-9. Terms of members of authority; vacancies; removal; oath
§ 41-73-11. Officers of authority; per diem and expenses of members
§ 41-73-13. Quorum; vote required for action
§ 41-73-15. Regular and called meetings
§ 41-73-19. Additional officers, agents or employees
§ 41-73-23. State office or position not forfeited by virtue of authority membership or service
§ 41-73-27. Powers of authority
§ 41-73-29. Duties of authority
§ 41-73-35. Authority may issue bonds; purposes; authorization; issuance
§ 41-73-39. Disposition of proceeds; administrative expenses
§ 41-73-41. Refunding bonds authorized
§ 41-73-45. Contracts with bond holders; contents
§ 41-73-49. Bonds to be general obligation bonds; additional security authorized
§ 41-73-55. Repurchase of bonds; cancellation
§ 41-73-57. Bonds are negotiable instruments, subject to registration provisions of bonds
§ 41-73-59. Immunity from liability
§ 41-73-61. Funds and accounts
§ 41-73-63. Deposits; checks; security for deposits
§ 41-73-65. Payment of expenses of authority; state and political subdivisions to be held harmless
§ 41-73-69. Bonds of authority as legal investments and as security for public deposits
§ 41-73-71. Annual report of authority
§ 41-73-73. State officers and agencies to cooperate with authority