No part of any of the proceeds of the bonds provided for herein shall be used for the payment of fees, commission, expense, salary, or other remuneration to any fiscal agent, person, firm, or corporation for services in the sale, issuance, execution or refunding of the bonds provided for in this article, and the total attorneys’ fees which may be paid for services rendered to the authority shall not exceed one half of one percent of the face amount of the bonds issued under the provisions of this article.
Ala. Code § 41-10-98
Proceeds of Bonds Not to Be Used for Payment of Fees, Commissions, Etc., for Services in Sale, Issuance, Execution, Etc., of Bonds; Maximum Amount Payable to Attorneys for Services Rendered.
Known as the State Products Mart and Coliseum Authority Act
The act spans §§ 41–41 (30 sections).
(Acts 1965, 1st Ex
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.