9-3A-15. Auction sale of unclaimed lots--Minimum price--Adjournment of sale--Private sale.
At the time and place appointed in said notice the Board of Education, district school board, municipal authorities, or judge shall offer for sale at public auction subject to competitive bids all the lots and parcels of land, or so much thereof as may be considered for the best interest of the school district, returned by the report of said Board of Appraisers as unclaimed; provided, that no bid shall be received or lot or parcel of land sold for a less sum than the appraised valuation; and such sale shall continue open from day to day until all such lots or parcels of land, or so much thereof as may be considered for the best interest of the school district, shall have been offered for sale. Any lots or parcels of land remaining unsold at the close of such sale for want of bids equal to the appraised valuation thereof may thereafter be sold at private sale by said Board of Education, municipal authorities, or judge of the circuit court for a sum of money not less than the appraised valuation thereof, and not otherwise.
Source: SL 1883, ch 114, §5; CL 1887, §1184; SL 1893, ch 165, §3; RPolC 1903, §1586; repealed by omission RC 1919; re-enacted SL 1971, ch 69, §15.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 03A - Townsite Locations On Federal Lands
Section 9-3A-2 - Subscription of funds to enter townsite--Repayment.
Section 9-3A-3 - Duty of municipal authorities or judge to dispose of trust.
Section 9-3A-6 - Time allowed to occupants to file statements--Claims barred by failure to file.
Section 9-3A-7 - Account of expenses filed--Prorata payment by land claimants.
Section 9-3A-8 - Settlement of adverse claims.
Section 9-3A-10 - Examination by municipal authorities or judge of claims to lots--Conveyances.
Section 9-3A-11 - Unclaimed lots conveyed to school board.
Section 9-3A-12 - Sale of unclaimed lots in absence of school board.
Section 9-3A-13 - Appraisement of lots to be sold.
Section 9-3A-14 - Notice of sale at public auction.
Section 9-3A-15 - Auction sale of unclaimed lots--Minimum price--Adjournment of sale--Private sale.
Section 9-3A-16 - Conveyance fee required of purchaser--Combined conveyances.
Section 9-3A-17 - Proceeds of sale used for educational purposes.
Section 9-3A-18 - Selection of lands for public purposes--Purchase from occupants.