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Official Code of Georgia Annotated

Title 46. PUBLIC UTILITIES AND PUBLIC TRANSPORTATION · Chapter 3. ELECTRICAL SERVICE · Article 3. MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA

46-3-134. Bonds as legal investments; depositing bonds with public officers and bodies of state.

Active

Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

  1. The bonds authorized by this article shall be securities in which:

  2. (1)

    All public officers and bodies of this state;#

  3. (2)

    All political subdivisions of this state;#

  4. (3)

    All insurance companies and associations, and other persons carrying on an insurance business;#

  5. (4)

    All banks, bankers, trust companies, saving banks, and savings associations, including savings and loan associations, building and loan associations, investment companies, and other persons carrying on a banking business;#

  6. (5)

    All administrators, guardians, executors, trustees, and other fiduciaries; and#

  7. (6)

    All other persons whatsoever who are authorized to invest in bonds or other obligations of the state#

  8. may properly and legally invest funds, including capital in their control or belonging to them. Such bonds shall also be securities which may be deposited with and shall be received by all public officers and bodies of this state and its political subdivisions for any purpose for which deposit of the bonds or other obligations of this state is authorized.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Ga. L. 1975, p. 107, § 16.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

Text read from t46-(v34)-2025-pdf.pdf, Volume V34, 2025 edition, pages 226 to 227; merge action: bound only; file SHA-256 53ab60ae5027.