In case any property shall be bid in by the district as provided in Section 5 [73-11-42 NMSA 1978], the duplicate certificate of sale shall be sold by the assessor-collector to any person who shall pay the face value thereof with accrued interest; and if the same cannot be sold at private sale within one year from the date of such certificate, the said certificate shall be sold at public auction to the highest bidder for cash by the assessor-collector, or his successor in office at the time of making sales of property for delinquent taxes, assessments and levies for the succeeding year.
History: Laws 1931, ch. 91, § 8; 1941 Comp., § 77-2344; 1953 Comp., § 75-24-44.
ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Cross references. — For application of this section, see compiler's note under 73-11-40 NMSA 1978.
For purchase of tax certificate by district, see 73-13-19 to 73-13-23 NMSA 1978.