Pennsylvania Act 1937-539 — GENERAL STATE AUTHORITY BONDS, LEGAL INVESTMENTS

Act text

GENERAL STATE AUTHORITY BONDS, LEGAL INVESTMENTS
                 Act of Jul. 1, 1937, P.L. 2687, No. 539              Cl. 72
                                  AN ACT

     Declaring bonds, issued by The General State Authority, legal
        investments for the investment of certain funds and moneys.

        Section 1.  Be it enacted, &c., That any fiduciary, insurance
     company, State bank, trust company, bank and trust company, and
     any departmental administrative board and commission or other
     agency of the Commonwealth, shall have power to invest funds and
     moneys in his or its possession and control in bonds issued by
     the General State Authority in which the full faith and credit
     of the Authority is pledged, and such bonds shall be deemed
     legal investments for all such purposes.