(70 ILCS 200/50-17)
Sec. 50-17.
Investment in bonds.
The State and all
counties, cities, villages, incorporated towns and
other units of local government 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 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 in any bonds issued
pursuant to this Article.
(Source: P.A. 90-328, eff. 1-1-98.)
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