48-3121. Purchase by district of lands sold at
tax sale; resale by district
A. At a sale of taxable property in the district for delinquent taxes, the
irrigation district may become the purchaser thereof and hold title thereto with the same
rights and powers as persons. The board of directors of the district may provide
district funds for such purchases and may lease, sell and assign or otherwise dispose of
the property so acquired for not less than an amount equal to the amount paid for the
property, together with interest at the rate of six per cent per annum thereon from the
date of purchase and an amount equal to the pro rata amount of current taxes for district
purposes during the period of ownership.
B. If property so acquired by the district at tax sale has not been disposed of,
then on petition of five qualified electors of the district the question of selling lands
so held and unsold on other and different terms and conditions shall be submitted to the
qualified electors of the district at the next regular election of the district and the
board of directors may then sell the lands upon the terms and conditions adopted at the
election.
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