§ 146-36. Sale of property bought by city for taxes.

(a)

Generally. The chief financial officer may sell all property bought by the city at tax sales after the expiration of one year from the date the property is bid in for the city on account of taxes or street improvements.

(b)

Conduct of sale. The sale shall be before the city hall on a regular sale day and shall be to the highest and best bidder for cash. All such property shall be sold subject to the right of any person having an interest in the property to redeem it under the laws of the state.

(c)

Advertisement. All such property shall be advertised once a week for four weeks in the paper authorized to carry the city's advertisements, but the advertisement shall be in abbreviated form and shall show only the deed number, the street number and the name of the last owner.

(Code 1977, § 7-4065)