873

Every guardian shall invest the funds of the estate of his ward, coming into his hands, only in the following types of securities in which the guardian shall have no interest, directly or indirectly:(1) The direct bonds and obligations of the United States, or in bonds guaranteed in principal and interest by the United States Government, procuring same always at the best possible salable or marketable price obtainable in the interests of the ward.(2) Interest bearing bonds of the Commonwealth Government of Puerto Rico, or of a political subdivision thereof, procuring same always at the best possible salable or marketable price obtainable in the interests of the ward.(3) First mortgage or trust deed on real estate, the amount lent not to exceed one-half of the actual cash value of the real estate mortgaged, and provided that said real estate shall have been appraised and reported as to its cash market value by three disinterested persons appointed by the court, upon application to the court to that end, and approval by such court.(4) Real property located in the Commonwealth of Puerto Rico, after appraisement, by order of the court, by experts appointed for the purpose.

ion to the court to that end, and approval by such court.(4) Real property located in the Commonwealth of Puerto Rico, after appraisement, by order of the court, by experts appointed for the purpose. History —Apr. 17, 1936, No. 26, p. 216, § 13, Const., art. I, § 1, eff. July 25, 1952.