All bonds issued under the provisions of Sections 57-1-307 through 57-1-335 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 which 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
Title 57 - Planning, Research and Development
Chapter 1 - Mississippi Development Authority
Local Governments Capital Improvements Revolving Loan Program
§ 57-1-305. General powers and duties of department
§ 57-1-309. Bonds; payment of principal and interest; details
§ 57-1-313. Bonds; negotiability
§ 57-1-315. Bonds; issuance and sale; redemption
§ 57-1-317. Bonds; general obligations of state
§ 57-1-319. Bonds; disposition of proceeds of sale
§ 57-1-321. Bonds; conditions for issuance
§ 57-1-325. Bonds; protection and enforcement of rights of holders
§ 57-1-327. Bonds; legal investments and legal securities
§ 57-1-329. Bonds; exemption from taxation
§ 57-1-331. Bonds; use of proceeds
§ 57-1-333. Bonds; issuance of warrants for payment
§ 57-1-335. Construction of Sections 57-1-307 through 57-1-335