ยง 1197-k. Bonds legal investments for fiduciaries. 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 other obligations of the state, may properly and legally invest
funds including capital in their control or belonging to them. The bonds
are also hereby made securities which may be deposited with and may be
received by all public officers and bodies of the state and all
municipalities for any purposes for which the deposit of bonds or other
obligations of the state is now or hereafter may be authorized.
Structure New York Laws
Article 5 - Public Utility Authorities
Title 8-B - Water Authority of Great Neck North
1197-C - Water Authority of Great Neck North District.
1197-D - Water Authority of Great Neck North.
1197-E - Powers of the Authority.
1197-F - Transfer of Officers and Employees.
1197-G - Bonds of the Authority.
1197-H - Remedies of Bondholders.
1197-I - State and Municipalities Not Liable on Authority Bonds.
1197-J - Moneys of the Authority.
1197-K - Bonds Legal Investments for Fiduciaries.
1197-L - Agreement With the State.
1197-M - Exemption From Taxes, Assessments and Certain Fees; Payments in Lieu of Taxes.
1197-N - Actions Against the Authority.
1197-P - Construction and Purchase Contracts.
1197-Q - Authority; Affirmative Action.
1197-R - Charges by Authority; Method of Collection.