Section 1863. Bonds and notes legal investments for fiduciaries

The bonds
  and notes are hereby made securities in which all  public  officers  and
  bodies  of  the 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, savings associations, including savings and loan associations and
  building and loan associations, investment companies and  other  persons
  carrying   on   a   banking  business,  all  administrators,  guardians,
  executors,  trustees  and  other  fiduciaries,  and  all  other  persons
  whatsoever  who  are now or who 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.
  Notwithstanding  any other provisions of law, the bonds and notes of the
  authority are also hereby made securities which may  be  deposited  with
  and  may 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 the state is now or may
  hereafter be authorized.