The board of education issuing any warrants hereunder may pay the cost of printing the warrants, the cost of advertising the sale, the attorneys' fees for preparing proceedings, the attorneys' fees for furnishing an opinion as to legality acceptable to the purchaser and other expenses incidental to the issue of the warrants, but only the actual cost thereof shall be paid and all such payments shall be made to those actually rendering such services and not to the purchaser of the warrants, in a lump sum or otherwise; provided, that the board of education may employ any bank or banks and person or persons to assist in making arrangements relating to the issue of refunding warrants hereunder and the sale or exchange thereof and may pay them for such services subject to the approval of the State Superintendent of Education. This section shall not authorize the payment of a commission or other compensation for procuring a purchaser of capital outlay warrants issued hereunder.
Structure Code of Alabama
Chapter 13 - School Finances Generally.
Article 5 - Warrants for Special County and District Taxes.
Section 16-13-90 - Purposes for Which Warrants Issued.
Section 16-13-91 - Approval of Issuance.
Section 16-13-94 - Maturity; Payment Generally.
Section 16-13-95 - Interest Rate.
Section 16-13-96 - Sale - Generally.
Section 16-13-97 - Sale - Price.
Section 16-13-98 - Preference and Payment of Warrants and Care of Fund.
Section 16-13-99 - Place and Method of Payment.
Section 16-13-100 - Payment of Incidental Costs.
Section 16-13-101 - Redemption of Warrants Prior to Maturity.
Section 16-13-102 - Exchange and Delivery of Refunding Warrants.
Section 16-13-103 - Validity of Warrants.
Section 16-13-104 - Exemption From Taxation.
Section 16-13-105 - Warrants May Be Validated.
Section 16-13-107 - Exclusiveness of Article.
Section 16-13-108 - Elections.
Section 16-13-109 - Investment of Unused Proceeds in Government Securities.