Section 1599-L. Bonds legal investments for public officers

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
  associations, including savings and loan associations, building and loan
  associations, investment companies  and  other  persons  carrying  on  a
  banking business, and all other persons whatsoever except as hereinafter
  provided,  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; provided  that,
  notwithstanding  the  provisions  of any other general or special law to
  the contrary, such bonds shall not be eligible  for  the  investment  of
  funds,  including capital, of trusts, estates or guardianships under the
  control of individual administrators, guardians, executors, trustees and
  other individual fiduciaries. 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.
    * NB Authority ceased to exist 07/01/1974
    * NB There are 4 § 1599-l's