§ 157-57. Obligations issued for projects made legal investments; security for public deposits. - North Carolina Statutes

§ 157‑57. Obligations issued for projects made legal investments; security for publicdeposits.

Bonds or other obligations issued by a housing authority for a projectdeveloped or administered pursuant to this Article shall be security for publicdeposits and legal investments to the same extent and for the same persons,institutions, associations, corporations, bodies and officers as bonds or otherobligations issued pursuant to Article 1 of this Chapter for the development ofa slum clearance or housing project for persons of low income. (1941, c. 63, s. 5.)