(a)It shall be the duty of such guardians to invest and
keep invested their ward's surplus money, but only in the
securities or other property, and in the manner hereinafter
indicated, and in which securities or other property the
guardian has no interest. The investments, except those provided
in paragraphs (i) and (ii) of this subsection hereof, shall be
made only upon the prior approval of the court, after notice to
the veterans' administration as provided in W.S. 3-6-110, as
amended:
(i)Direct obligations of this state and of the
United States government, and obligations, the interest and
principal of which are both unconditionally guaranteed by the
United States government;
(ii)The bonds of this state or of any other state,
or any county, school districts, city, or town in the Unit
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(a) It shall be the duty of such guardians to invest and
keep invested their ward's surplus money, but only in the
securities or other property, and in the manner hereinafter
indicated, and in which securities or other property the
guardian has no interest. The investments, except those provided
in paragraphs (i) and (ii) of this subsection hereof, shall be
made only upon the prior approval of the court, after notice to
the veterans' administration as provided in W.S. 3-6-110, as
amended:
(i) Direct obligations of this state and of the
United States government, and obligations, the interest and
principal of which are both unconditionally guaranteed by the
United States government;
(ii) The bonds of this state or of any other state,
or any county, school districts, city, or town in the United
States with a population of not less than one thousand (1,000)
inhabitants; and where the laws do not permit such counties,
cities, school districts, or towns to become indebted in excess
of six percent (6%) of the assessed valuation of property for
taxation therein, and where the total indebtedness of such
county, school districts, city, or municipality, does not exceed
six percent (6%) of the assessed valuation of property for
taxation at the time of such investment: provided always, there
has been no default for more than thirty (30) days during the
preceding ten (10) years upon any bonds of the issuing state,
county, city or town;
(iii) In the legally issued notes of the owner of the
fee simple title to improved, unencumbered real property located
in this state secured by first mortgage or deed of trust
thereon: provided, that the total debt secured by such
encumbrances shall not exceed sixty percent (60%) of the actual
cash value of such real property at the time of such investment
unless such loan be insured and while held by the guardian
remain insured, by the federal housing administrator in
accordance with the National Housing Act;
(iv) In the entire fee simple title to real estate or
lease of real estate in this state and the purchase of all
necessary equipment, but only as a home for the ward, or as a
home for his dependent family, or to rehabilitate the ward, or
to protect his interests. Such purchase or lease of real estate
or other investment provided in this paragraph shall not be made
except upon the entry of an order of the court after hearing
upon verified petition. Notice of such hearing shall be given
the veterans' administration as provided in W.S. 3-6-110, as
amended. Title shall be taken in the ward's name. This paragraph
shall not be construed to limit the right of the guardian, on
behalf of his ward, to bid and to become the purchaser of real
estate at a sale thereof pursuant to decree of foreclosure of a
lien held by or for the ward, or at a tax or a trustee's sale,
to protect the ward's right in the property so foreclosed or
sold, or at a sale under partition decree, if necessary to
protect the ward's interest in such property.