Investment by municipality in bonds of authority

Any municipality may purchase or legally invest in any of the bonds of a housing authority and exercise all of the rights of any holder of such bonds. Acts 1935 (Ex. Sess.), ch. 45, § 9, as added by Acts 1937, ch. 225, § 1; C. Supp. 1950, § 3647.29Y (Williams, § 3647.36b); T.C.A. (orig. ed.), § 13-1113. Any municipality may purchase or legally invest in any of the bonds of a housing authority and exercise all of the rights of any holder of such bonds. Acts 1935 (Ex. Sess.), ch. 45, § 9, as added by Acts 1937, ch. 225, § 1; C. Supp. 1950, § 3647.29Y (Williams, § 3647.36b); T.C.A. (orig. ed.), § 13-1113.