New Jersey § 32:3-11

§ 32:3-11.

The bonds or other securities or obligations which may be issued by the commission

for any of its authorized purposes, and as security for which there may be pledged

the tolls, rents, rates and other revenues, or any part thereof, of any properties

or facilities owned, operated or controlled by the commission (including the aforesaid

existing bridge across the Delaware river and the aforesaid facilities for the transportation

of passengers across the said bridge) are hereby made securities in which all state

and municipal officers and bodies of the commonwealth of Pennsylvania and the state

of New Jersey, all banks, bankers, trust companies, savings banks, saving 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 administrators, executors, guardians, trustees and other fiduciaries

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

in bonds or other obligations of the commonwealth of Pennsylvania or of the state

of New Jersey, may properly and legally invest any funds, including capital, belonging

to them or within their control; and said bonds or other securities or obligations

are hereby made securities which may properly and legally be deposited with and received

by any state or municipal officer or agency of the commonwealth of Pennsylvania or

the state of New Jersey for any purpose for which the deposit of bonds or other obligations

either of the commonwealth or of the state is now, or may hereafter be, authorized.