Prior to the authorization, issuance, and subsequent validation of bonds issued under this article, the issuing authority shall have secured the legal services of a competent practicing attorney or firm of attorneys. 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 one million dollars ($1,000,000.00); one-half percent (1/2%) of all over one million dollars ($1,000,000.00) and not more than two million dollars ($2,000,000.00); and one-fourth percent (1/4%) of all amounts in excess of two million dollars ($2,000,000.00).
Sources: Codes, 1942, § 3374-210; Laws, 1970, ch. 499, § 10, eff from and after passage (approved April 3, 1970).
Prior to the authorization, issuance, and subsequent validation of bonds issued under this article, the issuing authority shall have secured the legal services of a competent practicing attorney or firm of attorneys. 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 one million dollars ($1,000,000.00); one-half percent (1/2%) of all over one million dollars ($1,000,000.00) and not more than two million dollars ($2,000,000.00); and one-fourth percent (1/4%) of all amounts in excess of two million dollars ($2,000,000.00).
Sources: Codes, 1942, § 3374-210; Laws, 1970, ch. 499, § 10, eff from and after passage (approved April 3, 1970).
Prior to the authorization, issuance, and subsequent validation of bonds issued under this article, the issuing authority shall have secured the legal services of a competent practicing attorney or firm of attorneys. 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 one million dollars ($1,000,000.00); one-half percent (1/2%) of all over one million dollars ($1,000,000.00) and not more than two million dollars ($2,000,000.00); and one-fourth percent (1/4%) of all amounts in excess of two million dollars ($2,000,000.00).
Sources: Codes, 1942, § 3374-210; Laws, 1970, ch. 499, § 10, eff from and after passage (approved April 3, 1970).
