Section 584. Bonds as legal investments

The  bonds  are  hereby  made
  securities in which all public officers and bodies of this state and all
  municipalities and municipal subdivisions, all insurance  companies  and
  associations  and  other  persons carrying on an insurance business, all
  banks, bankers, trust companies, savings banks and savings  institutions
  and  associations, including savings and loan associations, building and
  loan associations, investment companies and other persons carrying on  a
  banking business, all administrators, guardians, executors, trustees and
  other  fiduciaries in the state and all other persons whatsoever who are
  now or  may  hereafter  be  authorized  to  invest  in  bonds  or  other
  obligations  of  the  state,  may  properly  and  legally  invest funds,
  including capital in their control or belonging to them. The  bonds  are
  also  hereby  made  securities  which may be deposited with and shall be
  received by all public  officers  and  bodies  of  this  state  and  all
  municipalities  and municipal subdivisions for any purpose for which the
  deposit of bonds or other obligations  of  this  state  is  now  or  may
  hereafter be authorized. Notwithstanding any other provision of law, the
  notes  of  the  authority are hereby made securities in which the county
  may properly and legally invest funds, including capital in its  control
  or belonging to it, when approved by the supervisors.