The successful bidder at the delinquent tax sale shall pay legal tender to the Finance Director in the full amount of the bid on the day of the sale. Upon payment, the Finance Director shall furnish the purchaser a receipt for the purchase money and attach a copy of the receipt to the execution with the endorsement of his actions which must be retained by him. All monies received including any excess due the defaulting taxpayer after payment of delinquent taxes and penalties must be retained, paid out, and accounted for by the Finance Director.
(Ord. passed 4-16-1986)