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the Georgia Code
2006 Georgia Code - 2-10-31
2-10-31. The bonds authorized in this article are made
securities in which all public officers and bodies of the state,
all municipalities and municipal subdivisions, all insurance
companies and associations and other persons carrying on an
insurance business, all banks, bankers, trust companies, saving
banks, and saving associations, including savings and loan
associations, building and loan associations, investment companies,
and other persons carrying on a banking business, all
administrators, guardians, executors, trustees, and other
fiduciaries, and all other persons whatsoever who are now or may
hereafter be authorized to invest in bonds or other obligations of
the state may properly and legally invest funds, including capital
in their control or belonging to them. The bonds are also made
securities which may be deposited with and shall be received by all
public officers and bodies of this state and by all municipalities
and municipal subdivisions, for any purpose for which the deposit
of the bonds or other obligations of this state is now or may
hereafter be authorized.
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