All bonds issued under the provisions of this act shall be legal investments for trustees, other fiduciaries, 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 the state and all municipalities and other political subdivisions thereof for the purpose of securing the deposit of public funds.
Structure Mississippi Code
Title 51 - Waters, Water Resources, Water Districts, Drainage, and Flood Control
Article 7 - Metropolitan Area Water Supply Act
§ 51-9-189. Declaration of purpose; short title
§ 51-9-193. Additional authority of district
§ 51-9-195. Payments by public agencies for water supplies
§ 51-9-197. Adjustment of rates charged by public agencies
§ 51-9-207. Issuance of refunding bonds
§ 51-9-209. Validation of bonds; notice
§ 51-9-211. State not obligated with respect to bonds; limitations on obligation of district
§ 51-9-213. Powers of district in connection with issuance of bonds
§ 51-9-215. Appointment of trustee to represent bond owners; appointment of receiver
§ 51-9-219. Bonds to be legal investments and to be accepted by state officers and bodies
§ 51-9-221. Rights and powers of district to remain unchanged while bonds are outstanding and unpaid
§ 51-9-225. Provisions of article to be cumulative of other statutes