Accounts of Executors And Testamentary Trustees Lectures Before the New York Un

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"In the stocks or bonds or interest bearing obligations of this state, issued pursuant to the authority of any law of the state. " "In the stocks or bonds or interest bearing obligations of any state of the United States which has not within ten years previous to making such investment by such corporation de- faulted in the payment of any part of either principal or inter- est of any debt authorized by the legislature of any such state to be contracted ; and in the bonds or interest bearing obl
...iga- tions of any state of the United States, issued in pursuance of the authority of the legislature of such state, which have prior to the passage of this act been issued for the funding or settle- ment of any previous obligation of such state theretobefore in default and on which said funding or settlement obligation there has been no default in the payment of either principal or inter- est, since the issuance of such funded or settlement obligation, and provided the interest on such funded or settlement obliga- tion has been paid regularly for a period not less than ten years next preceding such investments.

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