175.570 Status of turnpike bonds as investments. - Kentucky Statutes

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175.570 Status of turnpike bonds as investments. Bonds issued by the authority under the provisions of this chapter are hereby made
securities in which all public officers and public bodies, agencies and instrumentalities of
the Commonwealth and its political subdivisions, all insurance companies, trust
companies, banking associations, investment companies, executors, administrators,
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 a similar nature may
properly and legally invest funds, including capital in their control or belonging to them.
Such bonds are hereby made securities which may properly and legally be deposited with
and received by any state or municipal officer or any agency or political subdivision of
the Commonwealth for any purpose for which the deposit of bonds or other obligations of
the Commonwealth is now or may hereafter be authorized by law. Effective: March 25, 1960
History: Created 1960 Ky. Acts ch. 173, sec. 17, effective March 25, 1960.