32:1-130 - Bonds as legal investments - New Jersey Statutes

32:1-130.  Bonds as legal investments
    The bonds or other securities or obligations which may be issued or incurred  by the Port Authority pursuant to this act or as security for which there may  be pledged the tolls and other revenues or any part thereof of any vehicular  bridge or tunnel (including the said Holland Tunnel and the said Midtown Hudson  Tunnel) now or hereafter authorized by the 2 said States or both so issued or  incurred and so secured, are hereby made securities in which all State and  municipal officers and bodies, all banks, bankers, trust companies, savings  banks, savings and loan associations, investment companies and other persons  carrying on a banking business, all insurance companies, insurance associations  and other persons carrying on an insurance business, and all administrators,  executors, guardians, 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 any funds,  including capital, belonging to them or within their control;  and said bonds  or other securities or obligations are hereby made securities which may  properly and legally be deposited with and shall be received by any State or  municipal officer or agency for any purpose for which the deposit of bonds or  other obligations of this State is now or may hereafter be authorized.

     L.1931, c. 4, s. 13, p. 25.  Amended by L.1956, c. 156, p. 631, s. 4.