No piece of real estate offered at a tax sale shall be sold for less than the total
of the taxes, interest, penalties and costs of sale for which it is liable. If such
a bid for the property is not made, it shall be sold to the Council for such total
amount thereof. In such case it shall remain on the assessment books of the County
and be taxed as other properties thereon, but not be resold at the succeeding annual
tax sales.
(Laws 1922, ch. 469, Sec. 116G; PLL 1912, Art. 17, Sec. 225; Laws 1922, ch. 198; Laws
1924, ch. 382; PLL 1930, Art. 17, Sec. 359; Laws 1937, ch. 275, Sec. 359; 1943 Code,
Sec. 458; 1953 Code, Sec. 496; Laws, 1963, ch. 526, Sec. 496; PLL 1963, Sec. 20-18)
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