§ 10-133. Withdrawal of property; payment of taxes.

(a)

No piece of forfeited real estate offered for sale shall be sold for less than the total of the taxes, interest, penalties and costs of sale, including such tax or taxes, interest and penalties as would have been levied upon it had it remained on the County assessment books, for which it is then liable. If no such bid for the property is made, it shall be withdrawn from such public sale. Thereafter the Council is authorized and empowered to sell the property, at public or private sale, for such price as it may deem advisable. Upon payment of the whole purchase money for any parcel of forfeited real estate sold, to the Council, and not before, the Council shall execute to the purchaser a good deed in fee simple for such property.

(b)

The owner for any parcel of real estate, forfeited, or forfeited and sold, as hereinbefore provided, may at any time, prior to the actual payment of the purchase money for such parcel of real estate by the purchaser, pay to the Director of Finance, the total of all taxes, interest, penalties and costs of sale due and accrued to date on account of, upon and against such parcel of real estate, including such tax or taxes, interest and penalties as would have been levied upon it had it remained on the County assessment books. Thereupon such forfeiture or forfeiture and sale shall cease to be of any force and effect and become null and void. Such owner shall become revested of his former right, title, claim, interest and demand at law or in equity of, in and to such parcel of real estate.

(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)