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granted by this Act must be considered to be in addition to and not | | in derogation of the power and authority granted by any other law. |
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| | | §6423.__Securities as legal investment |
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| | | The securities of the board are legal investments in which all | | public officers and public bodies of the State, and its political | | subdivisions; all municipalities and municipal subdivisions, all | | insurance companies and associations and other persons carrying | | on an insurance business; all banks, bankers, banking | | associations, 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; all administrators, guardians, | | executors, trustees and other fiduciaries; and all other persons | | who are or may be authorized to invest in bonds or other | | obligations of the State, may properly and legally invest funds, | | including capital, in the control of or belonging to those | | investors.__The securities are also, by this Act, made securities | | that may properly and legally be deposited with and received by | | all public officers and bodies of the State or any agency or | | political subdivision of the State and all municipalities and | | public corporations for any purpose for which the deposit of | | securities of bonds or other obligations of the State may be | | authorized by law. |
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| | | A member of the board may not participate in any decision on | | any contract entered into by the board under this Act if that | | member has any interest, direct or indirect, in any firm, | | partnership, corporation or association that may be party to the | | contract.__The interest must be disclosed to the board in writing | | and must be set forth in the minutes of the board. |
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| | | §6425.__Actions against board |
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| | | A member of the board, while acting within the scope of the | | authority of this Act, may not be subject to any personal | | liability resulting from the exercise or carrying out of any of | | the board's purposes or powers. |
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| | | §6426.__Contract of State |
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| | | The State pledges and agrees with the holders of securities | | that the State will not limit or alter the rights vested in the | | board to acquire, construct, reconstruct, equip and operate a | | project, projects or part of any project and related facilities; | | to | | establish and collect fees, charges, rentals and other charges |
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