ARTICLE 2. Purchase and Sale of Land by the Drainage District

Article 2 added by Stats. 1943, Ch. 369.

§§ 9550–9558 · 9 sections

• § 9550 If no bid is made for any parcel at the delinquent sale equal to the amount of installment or installments delinquent thereon, including the penalty, the…
• § 9551 Any parcel of land bid in and purchased by the drainage district at the delinquent sale shall be held in trust for the bond fund of the assessment upon which…
• § 9552 Payment for the land purchased under the next preceding section may be made by the purchaser either in cash or matured bonds and coupons issued upon assessment…
• § 9553 The board shall execute a deed to the purchaser at the sale conveying the property, free of encumbrances except State, county and other municipal taxes,…
• § 9554 The purchase price received in cash shall be paid by the board to the State Treasurer and any bonds or coupons received in payment by the board shall be…
• § 9555 All such money paid over and the canceled bonds or coupons delivered to the State Treasurer shall be credited to the bond fund of the assessment.
• § 9556 If any land held by the drainage district, pursuant to the provisions of this chapter, remains unsold after the final installment of the assessment has been…
• § 9557 The board shall execute to the purchaser a conveyance of the land free of incumbrances except State, county and municipal taxes, and assessments levied or…
• § 9558 The board shall deposit the proceeds of the sale with the State Treasurer to the credit of the bond fund of the assessment.