The board of supervisors of any county, or the governing authorities of any municipality or other political subdivision, shall have the power, in its discretion, to pay reasonable compensation to attorneys who may be employed by it in the matter of the issuance of bonds authorized to be issued by the provisions of this chapter, the drafting of all orders and resolutions in connection therewith, and passing upon the validity thereof. However, in no instance shall the attorney's fees paid for the issuance or refunding of such bonds exceed the following amounts, to-wit:
On all such bond issues the attorney's fees shall not exceed one percent (1%) of the first five hundred thousand dollars ($500,000.00); one-half percent (1/2%) of all over five hundred thousand dollars ($500,000.00) and not more than one million dollars ($1,000,000.00); and one-fourth percent (1/4%) of all amounts in excess of one million dollars ($1,000,000.00).
As used in this section, the term "municipalities" shall be construed to include any political subdivision of this state authorized to issue bonds under the authority contained in this chapter.
The limitations imposed herein shall not apply to any bond issue upon which a declaration of intent to issue bonds has heretofore been spread upon the minutes of the political subdivision desiring to issue same.
Structure Mississippi Code
Title 57 - Planning, Research and Development
Chapter 1 - Mississippi Development Authority
§ 57-1-1. Declaration of public policy
§ 57-1-3. Mississippi Development Authority seal
§ 57-1-7. Department motor vehicle insurance
§ 57-1-11. Rules and regulations
§ 57-1-13. Plans for advertising and developing state
§ 57-1-15. Interstate and federal cooperation; Economic Development Fund
§ 57-1-17. Publicity and advertising; research laboratory
§ 57-1-19. Municipal enterprises; certificate of public convenience and necessity
§ 57-1-21. Municipal enterprises; issuance of certificate
§ 57-1-25. Municipal enterprises; election
§ 57-1-27. Bonds and certain contracts subject to approval of executive director
§ 57-1-29. Issuance of municipal bonds; form; terms; tax levy
§ 57-1-31. Compensation of attorneys employed in issuance of bonds
§ 57-1-33. Duties of executive director as to issuance of bonds
§ 57-1-37. Issuance of additional bonds by municipality
§ 57-1-39. Exemption from taxation of bonds
§ 57-1-41. Investment of surplus sinking funds in bonds
§ 57-1-43. Payment and retirement of bonds; use of surplus income
§ 57-1-45. Sale, lease, etc., of municipal enterprises
§ 57-1-47. Municipal enterprises exempt from taxation
§ 57-1-49. Assistance by port authorities
§ 57-1-51. Construction of Sections 57-1-1 through 57-1-51
§ 57-1-56. Occupational Information Coordinating Committee
§ 57-1-57. Study to determine existence of disparity in number of qualified minority contractors
§ 57-1-59. General powers and duties of Mississippi Development Authority with respect to tourism
§ 57-1-60. Grants to finance, promote and advertise local tourist attractions
§ 57-1-65. General powers and duties with respect to marketing
§ 57-1-67. Planning and development district offices and directors
§ 57-1-68. Program of grants to finance and promote local economic development