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, monies or other funds belonging to them or within their control in any bonds or notes issued by the corporation, and such bonds or notes shall be authorized security for all public deposits, it being the purpose of this article 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 or notes, and that any such bonds or notes shall be authorized security for all public deposits. However, nothing contained in this article 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 33 - Housing and Housing Authorities
Article 11 - Mississippi Home Corporation Act
§ 43-33-702. Legislative findings
§ 43-33-705. Fiduciary bond; premiums
§ 43-33-721. Adoption of rules, regulations, resolutions and bylaws by corporation
§ 43-33-723. Prohibition against discrimination
§ 43-33-727. Mississippi Home Corporation Oversight Committee
§ 43-33-729. Issuance of negotiable bonds and notes; purpose
§ 43-33-729. Issuance of negotiable bonds and notes; purpose
§ 43-33-731. Form and content of bonds and notes
§ 43-33-733. Issuance of bonds or notes for refunding outstanding bonds or notes
§ 43-33-735. Pledge of earnings, revenues or other assets; liens
§ 43-33-739. Creation of debt service reserve funds
§ 43-33-741. Agreement by state not to alter vested rights
§ 43-33-743. Investment in sinking funds, monies or other funds
§ 43-33-751. Conflict of interest; disclosure
§ 43-33-753. Services of state officers and state agencies
§ 43-33-755. Preference of certain actions or proceedings questioning validity; venue
§ 43-33-757. Term of corporate existence; termination
§ 43-33-759. Mississippi Affordable Housing Development Fund; powers and duties
§ 43-33-761. Construction of Article in conjunction with other Code provisions
§ 43-33-763. Public official not to derive income from issuance of bonds
§ 43-33-765. Construction of Article
§ 43-33-769. Payment of principal and interest; bond specifications
§ 43-33-771. Signature on bonds; interest coupons
§ 43-33-773. Bonds and coupons are negotiable instruments
§ 43-33-775. Sale and form of bonds
§ 43-33-777. Bonds are general obligations of state
§ 43-33-779. Disposition of proceeds of sale of bonds
§ 43-33-781. Issuance of bonds
§ 43-33-783. Validation of bonds; notice
§ 43-33-785. Protection and enforcement of bond holders' rights
§ 43-33-787. Bonds are legal investments and legal securities
§ 43-33-789. Bonds and income tax exempt
§ 43-33-791. Use of bond proceeds
§ 43-33-793. Authorization to issue warrants for payment on bonds
§ 43-33-795. Progress report; annual fiscal reports
§ 43-33-797. Sections 43-33-767 through 43-33-797 give complete authority; effect on other laws