(45 ILCS 110/3) (from Ch. 127, par. 63s-11)
Sec. 3.
Any notes, bonds or other instruments in writing issued by the
Bi-State Development Agency pursuant to the provisions of the aforesaid
compact or pursuant to the provisions of this act are hereby recognized
to be securities in which all state and municipal officers and bodies, all
banks, bankers, trust companies, savings banks, savings associations,
building and loan associations, investment companies, and all 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 who may hereafter be authorized
to invest in bonds or other obligations of the State of Illinois may
properly and legally invest any funds, including capital, belonging to
them, or within their control; and the said obligations are hereby
recognized as 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.
(Source: Laws 1953, p. 1656.)
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