§ 25371
56 words·~1 min read·
/ca/streets-and-highways-code/25371A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All bonds issued by joint highway districts shall be legal investments for the funds of:
(a)Trusts.
(b)Insurance companies.
(c)Banks, both commercial and savings.
(d)Trust companies.
(e)State schools.
(f)Any other body whose funds may be invested in bonds of cities, counties, school districts or irrigation districts within the State of California.