(50 ILCS 20/17) (from Ch. 85, par. 1047)
Sec. 17.
The State and all counties, cities, villages, incorporated towns
and other municipal corporations, political subdivisions and public bodies,
and public officers of any thereof, all banks, bankers, trust companies,
savings banks and institutions, building and loan associations, 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 executors,
administrators, guardians, trustees and other fiduciaries may legally
invest any sinking funds, monies or other funds belonging to them or within
their control in any revenue bonds issued pursuant to this Act, it being
the purpose of this section to authorize the investment in such revenue
bonds of all sinking, insurance, retirement, compensation, pension and
trust funds, whether owned or controlled by private or public persons or
officers.
(Source: Laws 1955, p. 905.)
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