7-2-2757. Sale of acquired personal property. (1) No personal property having a value in excess of $100 may be sold unless it has been appraised within 1 year immediately prior to the date of sale by three taxpayers who reside within the territory of the abandoned and abolished county and who were appointed by the judge of the district court to which the county succeeding to the ownership of the property is attached, on petition of the board of county commissioners thereof. No sale of any personal property may be made except at public sale after notice or for a price less than 90% of the appraised value.
     (2) Whenever the purchase price of any real estate is to be paid in installments, the board shall enter into a contract with the purchaser thereof, and such contract shall be recorded in the office of the county clerk. When payment in full has been made for any personal property, the chairman of the board shall execute and deliver the proper bill of sale or deed to the purchaser or his successor in interest.

     History: En. Sec. 20, Ch. 105, L. 1937; amd. Sec. 40, Ch. 566, L. 1977; R.C.M. 1947, 16-4020(part).