New York Laws
Title 6-D - Alfred, Almond, Hornellsville Sewer Authority
1147-O - Bonds and Notes as Legal Investment.

§ 1147-o. Bonds and notes as legal investment. The bonds of the
authority are hereby made securities in which all public officials and
bodies of the state and all municipalities, all insurance companies and
associations and other persons carrying on an insurance business, all
banks, bankers, trust companies, savings banks and savings associations,
including savings and loan associations, investment companies and other
persons carrying on a banking business, and administrators, guardians,
executors, trustees and other fiduciaries and all other persons
whatsoever, who are now or may hereafter be authorized to invest in
bonds or notes, or other obligations of the state may properly and
legally invest funds including capital in their control or belonging to
them. The bonds and notes are also hereby made securities which may be
deposited with and may be received by all public officers and bodies of
this state and all municipalities for any purposes for which the deposit
of bonds or notes or other obligations of this state is now or hereafter
may be authorized.

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