Bonds as Legal

Performance of any Act. Investments and as Security for Notwithstanding any restriction contained in any other law, the government of Guam, its officers, boards, commissions, departments or other agencies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan COL10312014 CH. 82 GUAM STREETLIGHT AUTHORITY associations, investment companies and other persons carrying on a banking or investment business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries, and all other persons whatsoever who now are or may hereafter be authorized to invest in bonds or other obligations of the government of Guam, may properly and legally invest any sinking funds, money or other funds, including capital, belonging to them or within their contract in any bonds or notes issued by the Authority under the provisions of this Chapter; and the bonds and notes are made securities which may properly and legally be deposited with and received for the performance of any act whenever any evidence of indebtedness of the government of Guam for any purpose for which the deposit of bonds or other obligations of the government of Guam is now or may hereafter be authorized by law.