The expendable funds derived from sixteenth section or lieu lands may be expended for the building and repair of schoolhouses, teachers’ homes, and other school facilities, the purchase of furniture, school vehicles and equipment for same, the payment of teachers’ salaries, and for all other purposes in operating and maintaining the schools of the district to which such funds belong for which other available school funds may be expended. Such funds may also be expended for clearing, draining, reforesting and otherwise improving any sixteenth section lands of township to which any such available funds may belong. Such funds may also be expended for the purpose of paying any drainage district taxes, costs, expenses, and assessments for which the sixteenth section may be liable, and in such case the same shall be paid by the board of education out of any funds which would otherwise be paid over to the school district entitled thereto under the provisions of Sections 29-3-115 through 29-3-123. Such funds may also be expended to pay all reasonable and necessary attorneys’ fees incurred to clear the title on any sixteenth section lieu lands located outside the county.