§ 283.411. Sales of tax liens to be conducted by the supervisor.

1.

The supervisor or, in the event of his absence or inability to act, the receiver of taxes, shall conduct the sales hereinbefore provided to be made, and no auctioneer other than the supervisor, or the receiver of taxes as herein provided, shall be employed to make such sale, and no auctioneer's fees shall be charged thereon. The supervisor shall require from each purchaser of a tax lien at the time of such sale a deposit on account of 25 percentum of the amount of the tax lien purchased by him, for which the receiver of taxes shall give his receipt, and not later than ten days after the date of the sale the balance shall be paid to the receiver of taxes at his office.

2.

If no bid shall be received for a tax lien offered for sale, the supervisor for and on behalf of the town shall bid in the said tax lien, and upon such bid no deposit or payment in cash shall be required from the town. When the town has bid in any tax lien a transfer of the tax lien to the town shall be executed by the supervisor in the form and manner prescribed for other transfers of tax liens, and the town shall have the same rights in, to and under such transfer of tax lien as purchaser, as if the same had been bought by any other person. A transfer of tax lien in the possession of a municipal subdivision entitled thereto shall be a continuing lien until paid, transferred or otherwise discharged. The supervisor of the town at any time either before or after the institution of a foreclosure action may accept a deed of conveyance of the property covered by the transfer of tax lien conveying to the town the fee of said premises, but such deed shall not be taken subject to any mortgage, lien, judgment, or other incumbrance, except taxes, tax liens and transfers of tax liens, due and owing to the town or a village wholly or partly within the town, leases and restrictive covenants of record.

3.

The supervisor shall sell any such property so acquired either at public or private sale as the town board may by resolution direct and upon such terms and conditions and for such sum or sums as the town board shall by resolution fix and determine and convey title thereof in the name of the town. He may also obtain and pay for a title search and policy insuring the title to the property in the name of the town.

4.

Transfer of tax lien shall be made and delivered to the purchaser without charge upon the payments therein shown to be due. In case any purchaser shall not complete his purchase in accordance with the terms prescribed as herein provided, then the amount deposited by him at the time of the sale shall be forfeited to the town, and the entire tax lien upon the lands affected by such purchase shall be sold again, such resale to be held at such time as the supervisor may direct, and notice thereof shall be posted and published as hereinbefore provided for the original sale of such tax liens. All deposits forfeited, as aforesaid, shall be paid to the supervisor and by him credited to the general town account.

(§ 560 of the Laws of 1948, Ch. 852; amended by the Laws of 1962, Ch. 386)