(605 ILCS 10/30) (from Ch. 121, par. 100-30)
Sec. 30.
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, insurance associations and all
executors, administrators, guardians, trustees and other fiduciaries may
legally invest any sinking funds, moneys or other funds belonging to them
or within their control in any bonds or refunding bonds issued by the
Authority. It is the purpose of this section to authorize the investment in
such bonds, or refunding bonds, of all sinking, insurance, retirement,
compensation, pension and trust funds, whether owned or controlled by
private or public persons or officers; provided, however, that nothing
contained in this section may be construed as relieving any officer,
person, firm or corporation from any duty of exercising reasonable care in
selecting securities.
(Source: Laws 1967, p. 2748.)
|