32:13A-9 - Eligibility of bonds for investments - New Jersey Statutes

32:13A-9.  Eligibility of bonds for investments
    Tunnel revenue bonds issued under the provisions of this chapter are hereby  made securities in which all state and municipal officers and bodies of the  state of New Jersey, all banks, bankers, savings banks, trust companies,  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 now or may hereafter be authorized to invest in bonds or other  obligations of the county, may properly and legally invest any funds, including  capital belonging to them or within their control.  And such tunnel revenue  bonds are hereby made securities which may properly and legally be deposited  with and received by any state or municipal officer or agency of the state for  any purpose for which the deposit of bonds or other obligations of the county  is now or may hereafter be authorized by law. Notwithstanding any provisions  of this or any other law, tunnel revenue bonds issued under the provisions of  this chapter may be purchased by the sinking fund commission or the insurance  or pension fund commissioners of any county or municipality or may be sold to  any member, commission or officers of the state, authorized by law to purchase such bonds.