The bonds herein authorized are hereby made securities in which all public officers
and bodies of this state and all political subdivisions, 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, building and loan associations, investment companies, and other persons
carrying on a banking business, all 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 shall be received
by all public officers and bodies of this state and all political subdivisions for
any purpose for which the deposit of the bonds or other obligations of this state
is now or may hereafter be authorized.
(1970 Ga. Laws (Act No. 786), page 2126, § 9)
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