Sec. 16-36. - Authorization; notice.

After five years from the purchase by the city of any parcels of real estate for the nonpayment of taxes, if the city council is of the opinion that such parcels are of insufficient value to meet the taxes, interest and charges and all subsequent taxes and assessments thereon, the city council may authorize the director of finance to sell all such parcels, severally or together, for the sum which the city council in its opinion shall deem sufficient. The director of finance shall, at least once during each calendar year, cause a notice to be published setting forth a description of such real estate by plat and lot. The notice shall be published in some public newspaper published in the city, then in some public newspaper published in the county, once each week for three successive weeks.

(Rev. Ords. 1987, § 16-36)