All bonds issued under Sections 43-27-207 through 43-27-233 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 that 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 27 - Department of Youth Services
Improvements to Juvenile Correctional Facilities
§ 43-27-209. Payment of principal of and interest on bonds
§ 43-27-215. Bonds to be issued by State Bond Commission; procedures for issuance
§ 43-27-217. Full faith and credit of State irrevocably pledged
§ 43-27-219. Issuance of warrants to pay principal and interest on bonds
§ 43-27-221. Deposit of proceeds of bond sales into Juvenile Justice Assistance Fund
§ 43-27-223. Further proceedings not required to issue bonds
§ 43-27-225. Validation of bonds
§ 43-27-227. Actions to protect and enforce rights of bond holders
§ 43-27-229. Bonds as legal investments
§ 43-27-231. Bonds and income therefrom exempt from taxation