2146 MUNICIPAL CHARTERS
SHALL BE CONCLUSIVELY DEEMED TO HAVE BEEN PLANNED,
LOCATED AND CARRIED OUT IN ACCORDANCE WITH THE
PROVISIONS OF THIS SUBHEADING.
(G) INVESTMENTS. ALL BANKS, TRUST COMPANIES, BANKERS,
SAVINGS BANKS AND INSTITUTIONS, BUILDING AND LOAN
ASSOCIATIONS, SAVINGS AND LOAN 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, CURATORS, TRUSTEES, AND OTHER
FIDUCIARIES, MAY LEGALLY INVEST ANY SINKING FUNDS,
MONIES OR OTHER FUNDS BELONGING TO THEM OR WITHIN
THEIR CONTROL IN ANY BONDS OR OTHER OBLIGATIONS ISSUED
BY THE MUNICIPALITY PURSUANT TO THIS SUBHEADING,
PROVIDED THAT SUCH BONDS AND OTHER OBLIGATIONS SHALL
BE SECURED BY AN AGREEMENT BETWEEN THE ISSUER AND THE
FEDERAL GOVERNMENT IN WHICH THE ISSUER AGREES TO
BORROW FROM THE FEDERAL GOVERNMENT AND THE FEDERAL
GOVERNMENT AGREES TO LEND TO THE ISSUER, PRIOR TO THE
MATURITY OF SUCH BONDS OR OTHER OBLIGATIONS, MONIES IN
AN AMOUNT WHICH (TOGETHER WITH ANY OTHER MONIES
IRREVOCABLY COMMITTED TO THE PAYMENT OF PRINCIPAL AND
INTEREST ON SUCH BONDS OR OTHER OBLIGATIONS) WILL
SUFFICE TO PAY THE PRINCIPAL OF SUCH BONDS OR OTHER
OBLIGATIONS WITH INTEREST TO MATURITY THEREON, WHICH
MONIES UNDER THE TERMS OF SAID AGREEMENT ARE REQUIRED
TO BE USED FOR THE PURPOSE OF PAYING THE PRINCIPAL OF
AND THE INTEREST ON SUCH BONDS OR OTHER OBLIGATIONS AT
THEIR MATURITY. SUCH BONDS AND OTHER OBLIGATIONS SHALL
BE AUTHORIZED SECURITY FOR ALL PUBLIC DEPOSITS. IT IS THE
PURPOSE OF THIS SECTION TO AUTHORIZE ANY PERSONS,
POLITICAL SUBDIVISIONS AND OFFICERS, PUBLIC OR PRIVATE, TO
USE ANY FUNDS OWNED OR CONTROLLED BY THEM FOR THE
PURCHASE OF ANY SUCH BONDS OR OTHER OBLIGATIONS.
NOTHING CONTAINED IN THIS SECTION WITH REGARD TO LEGAL
INVESTMENTS SHALL BE CONSTRUED AS RELIEVING ANY PERSON
OF ANY DUTY OF EXERCISING REASONABLE CARE IN SELECTING
SECURITIES.
90-11. REVIEW AND APPROVAL. ALL PLANS, WHETHER
PRELIMINARY OR FINAL, PREPARED OR PRESENTED UNDER THE
PROVISIONS OF THIS SUBHEADING BY THE MUNICIPALITY
KNOWN AS CAPITOL HEIGHTS SHALL NOT CONFLICT WITH, AND
MUST CONFORM TO THE MASTER PLAN FOR PRINCE GEORGE'S
COUNTY. THIS PROVISION SHALL BE CONSTRUED TO MEAN THAT
ALL URBAN RENEWAL PLANS EFFECTING A CHANGE IN ZONING
SHALL BE REVIEWED BY THE MARYLAND-NATIONAL CAPITAL
PARK AND PLANNING COMMISSION, AND ANY ZONING
AMENDMENTS PURSUANT TO THIS URBAN RENEWAL PROGRAM
MUST BE APPROVED BY THE DISTRICT COUNCIL.
90-12. SEPARABILITY. IF ANY PROVISION OF THIS SUBHEADING
OR THE APPLICATION THEREOF TO ANY PERSON OR
CIRCUMSTANCES, IS HELD INVALID, THE REMAINDER OF THE
SUBHEADING AND THE APPLICATION OF SUCH PROVISION TO
PERSONS OR CIRCUMSTANCES OTHER THAN THOSE AS TO WHICH
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