Full purchase price paid in cash--Execution of deed.

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6-13-12. Full purchase price paid in cash--Execution of deed.

If the governing board approves a sale pursuant to §6-13-11, and the full amount of the purchase price has been paid in cash, the board shall direct that a deed conveying such property be delivered to the purchaser thereof. The deed shall be executed in the name of the chairman of the governing board and attested by the fiscal officer. The deed shall vest in the grantee or grantees all of the right, title, and interest of the political subdivision in and to such real property so sold and every part thereof.

Source: SL 1989, ch 62, §4.


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