All bonds of the district are hereby declared to be legal and authorized investments for public funds of counties, cities, towns, school districts, banks, savings banks, trust companies, building and loan associations, savings and loan associations, insurance companies, and for funds of the Mississippi Public Employees' Retirement System. Such bonds shall be eligible to secure the deposit of any and all public funds of cities, towns, villages, counties, school districts, or other political corporations or subdivisions of the State of Mississippi; and such bonds shall be lawful and sufficient security for said deposits to the extent of their value, when accompanied by all unmatured coupons appurtenant thereto.
Structure Mississippi Code
Title 51 - Waters, Water Resources, Water Districts, Drainage, and Flood Control
Chapter 13 - Tombigbee Valley Authority and Water Management District
Article 3 - Tombigbee River Valley Water Management District
§ 51-13-101. Legislative determination and declaration of policy
§ 51-13-103. General authority to organize
§ 51-13-105. Board of directors
§ 51-13-109. Subsequent members
§ 51-13-111. Powers of district
§ 51-13-113. Construction contracts
§ 51-13-115. Park and recreation facilities
§ 51-13-119. Appropriation permit
§ 51-13-121. State tax used for water supply district fund
§ 51-13-123. Board of directors to issue bonds
§ 51-13-125. Details of bonds; supplemental powers conferred in issuance of bonds
§ 51-13-127. Limitation on amount of bonds
§ 51-13-129. Payments by board of supervisors of member counties
§ 51-13-133. Validation of bonds
§ 51-13-139. Bonds to be legal investments
§ 51-13-143. Agreements relative to federal highways
§ 51-13-145. Cooperation with other governmental agencies
§ 51-13-147. Water management district law controlling
§ 51-13-149. District and its bonds exempt from taxation
§ 51-13-151. Preliminary expenses
§ 51-13-153. Overflow of school lands not to constitute waste