(70 ILCS 15/21) (from Ch. 15 1/2, par. 721)
Sec. 21.
Bonds; legal investment status.
(a) Counties, cities, villages, incorporated towns, and other
municipal corporations, political subdivisions and public bodies, and
public officers of any thereof, all banks, bankers, trust companies,
savings banks and institutions, building and loan associations, savings and
loan associations, investment companies, insurance companies and
associations, and all executors, administrators, guardians, trustees and
other fiduciaries may legally invest any sinking funds, moneys, or other
funds belonging to them or within their control, in any bonds issued by the
Kankakee River Valley Area Airport Authority pursuant to this Act.
(b) Counties, cities, villages, incorporated towns, and other municipal
corporations, political subdivisions and public bodies, and public officers
of any thereof, all banks, bankers, trust companies, savings banks and
institutions, building and loan associations, savings and loan
associations, investment companies, insurance companies and associations,
and all executors, administrators, guardians, trustees and other
fiduciaries may legally invest any sinking funds, moneys, or other funds
belonging to them or within their control in any bonds issued by the
Kankakee River Valley Area Airport Authority pursuant to any
agreement or compact entered into by the Authority pursuant to this Act.
(Source: P.A. 86-1400.)
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