Guam § 64112 - Bonds as Legal Investments and as Security for

§ 64112. Bonds as Legal Investments and as Security for

Performance of any Act.

Notwithstanding any restriction contained in any other law, the

Territory, its officers, boards, commissions, departments or other

agencies, 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 or investment business, all insurance companies, insurance

associations and other persons carrying on an insurance business, and all

executors, administrators, guardians, trustees and other fiduciaries, and

all other persons whatsoever who now are or may hereafter be authorized

to invest in bonds or other obligations of the Territory, may properly and

legally invest any sinking funds, money or other funds, including capital,

belonging to them or within their contract in any bonds or notes issued

by the Authority under the provisions of this Chapter; and the bonds and

notes are made securities which may properly and legally be deposited

with and received for the performance of any act whenever any evidence

of indebtedness of the Territory for any purpose for which the deposit of

bonds or other obligations of the Territory is now or may hereafter be

authorized by law.