Section 5. - [Bonds constitute legal investments and securities.]

The bonds shall be and they are hereby constituted as legal investments for any state, county, municipal or other public funds or for any bank, savings bank, trustees, executors, guardians, or any trust or fiduciary funds whatsoever. Such bonds shall also be and constitute legal securities which may be deposited by any bank or trust company for the security of state, county, municipal, or other public funds. (Laws of Fla., Ch. 80-513, § 5)