5-9-9. Time and place of sale--Minimum price--Adjournment of sale--Record of sales.
149 words·~1 min read·
/sd/title-5/chapter-5-9/5-9-9A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Such lands shall be sold at public auction to the highest bidder, at the courthouse of the county in which the lands are situated; or, if there be no courthouse, at the building in which the office of the county auditor is located, and between the hours of ten a.m. and five p.m. only. No bid shall be received and no land shall be sold for less than the appraised value and in no case for less than ten dollars an acre. The commissioner of school and public lands or his agent may adjourn the sale from day to day, and for good cause may adjourn it for a period of not more than three days.
The county auditor shall act as clerk at all sales of school lands and shall keep a complete record of such sales and forward a certified copy of the same to the commissioner.