2009 New Jersey Code
TITLE 27 - HIGHWAYS
Section 27:19
27:19-32.2 - Legal investments, evidences of indebtedness of commission as

27:19-32.2.  Legal investments, evidences of indebtedness of commission as
    The bonds, notes or other evidences of indebtedness of such commissions are  hereby made securities in which, notwithstanding any restriction contained in  any other law, the State and all public officers, municipalities, counties,  political subdivisions and public bodies, and agencies 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, moneys or other funds belonging to them or  within their control, and any such bonds, notes or other evidences of  indebtedness shall be authorized security for any and all public deposits.

     L.1948, c. 288, p. 1198, s. 3.