(a) The bonds are hereby made securities in which all insurance companies and associations, and other persons carrying on an insurance business, all banks, bankers, trust companies, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking business, and other persons, except administrators, guardians, executors, trustees and fiduciaries, who are now or who 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.
(b) The bonds and the income therefrom shall at all times be exempt from taxation.
Structure West Virginia Code
Article 18C. Veterans' Mortgage Fund
§31-18C-2. Legislative Findings; Purpose and Intent of Article
§31-18C-4. Veterans' Mortgage Fund Created; Purpose
§31-18C-5. Money and Interests Included in the Veterans' Mortgage Fund
§31-18C-6. Veterans' Mortgage Bonds; Amount; Terms of Bonds; When May Issue
§31-18C-7. Pledge of Credit of State and Security for Bonds
§31-18C-8. Legality for Investment; Tax Exemption
§31-18C-9. Listing by Auditor; Agent for Registration
§31-18C-10. Veterans' Loan Payments Used to Pay Bonds and Interest; Investment of Remainder
§31-18C-11. Sale by Governor; Minimum Price
§31-18C-12. Auditor to Be Custodian of Unsold Bonds
§31-18C-13. Bond Counsel and Financial Advisor
§31-18C-14. Approval and Payment of All Necessary Expenses
§31-18C-16. Powers and Duties of Housing Development Fund Regarding Veterans' Mortgage Fund
§31-18C-17. Terms and Conditions of Loans From Veterans' Mortgage Fund