§ 58-03-16 — Real property transfers

Every township may convey, sell, or dispose of real property of the township upon
recommendation by the board of township supervisors and upon approval by the township
electors at the annual meeting or at a special meeting called for such purpose. When the board
estimates the real property to be of a value of less than one thousand dollars, it may be sold at
private sale, but in all other cases such property may be sold only at public sale. A notice
containing a description of the property to be sold and designating the place where and the day
and hour when the sale will be held must be published in the official county newspaper once
each week for two consecutive weeks with the last publication being at least ten days prior to
the date set for the sale. The township electors shall determine and the notice must specify
whether the bids are to be received at auction or as sealed bids. The property advertised must
be sold to the highest bidder if that bid is deemed sufficient by a majority of the township
supervisors.