§ 37-13-125 — Sale of property held in trust; notice

(a) After the period of redemption has expired and a deed
has been issued to a city, town or county, it may sell the
property at public auction to the highest bidder for cash. No
bid may be accepted for less than the amount set forth in the
deed plus accrued interest to date of sale computed on the
assessment for which the property was sold from the date of the
execution of the deed and all delinquent assessments and taxes
against the property with accrued interest, penalties, costs and
other charges. The city, town or county shall pay into the fund
for which the property was held in trust an amount necessary to
fully discharge the assessment for which the property was sold,
together with all interest and penalties.
(b) Any sale shall be conducted only after notice has been
given, describing the property and stating that the treasurer
will on the day specified sell the property at the front door of
the building in which the governing body holds its sessions,
between the hours of 10:00 a.m. and 4:00 p.m. The notice shall
be published at least five (5) times in a daily newspaper
published within the district or if there is none, at least
twice in a newspaper of general circulation in the district. The
sale cannot be less than fifteen (15) days after the date of the
last publication of the notice.