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that indebtedness and any interest accrued or to accrue to the | | date of redemption of the obligations and paying all or any part | | of the cost of selling the securities or acquiring or | | constructing or enabling the acquisition or construction of any | | additional project, projects or part of any project or any | | improvements, extensions, enlargements or additions of any | | project, projects or part of any project.__The issuance of the | | securities, the maturities and other details of the securities, | | the rights and remedies of the holders of the securities and the | | rights, powers, privileges, duties and obligations of the board | | with respect to the securities are governed by this Act. |
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| | | Securities issued under this Act constitute a proper public | | purpose and those securities, their transfer and the income | | from the securities, including any profits made on the sale of | | the securities, are exempt from taxation within the State. |
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| | | §6419.__Governmental functions |
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| | | The carrying out by the board of the powers and duties | | conferred upon it by this Act is considered to be the | | performance of essential functions. |
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| | | §6420.__Liberal construction |
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| | | This Act, being necessary for the welfare of the State and | | its inhabitants, must be liberally construed to effect its | | purposes.__To the extent of any conflict between this Act and | | any other law, this Act must prevail, but the power and | | authority 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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| | | §6421.__Securities as legal investment |
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| | | The securities of the board are legal investments in which | | public officers and public bodies of the State and its | | political subdivisions; municipalities and municipal | | subdivisions; insurance companies and associations and other | | persons carrying on an insurance business; 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; administrators, | | guardians, executors, trustees and other fiduciaries; other | | persons who are or may be authorized to invest in bonds or | | other obligations of the |
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