§ 15-6-412 — Assessments; sale of property; certificates; private purchaser; contents; city or town; sale

(a) After receiving the amount of the assessment, penalty,
interest, costs and charges, the treasurer shall make out a
certificate, dated on the day of sale, stating (when known) the
name of the owner as given on the assessment roll, a description
of the land or other property sold, the amount paid therefor,
the name of the purchaser, that it was sold for the assessment,
giving the names of the streets, or other brief designation of
the improvement for which the assessment was made, and
specifying that the purchaser is entitled to a deed two (2)
years from the date of sale, unless the property is redeemed.
The certificate shall be signed by the treasurer and delivered
to the purchaser who shall record it in the county clerk's
office in the county in which the lands or other property is
situated within three (3) months from the date thereof. If not
recorded within that time, the lien thereof shall be postponed
to claims of subsequent purchasers and encumbrancers for value
and in good faith who become purchasers and encumbrancers while
it is unrecorded.
(b) The city or town comptroller, if there is one, and if
not then the city or town clerk, is the custodian of all
certificates for property sold to the city or town. At any time
within two (2) years from the date of a certificate and before
redemption of the property, he shall sell and transfer any
certificate to any person who presents to him the treasurer's
receipt evidencing payment of the amount for which the property
described was stricken off to the city, with interest
subsequently accrued to the date of payment. The comptroller or
clerk, if authorized by the governing body, may sell and
transfer any certificate in like manner after the expiration of
two (2) years from the date of the certificate.