In the case the successful bidder fails to remit in legal tender within the time specified, the Finance Director shall cancel that bid and may duly re-advertise the same property for sale, in the same manner, on a subsequent delinquent tax sale date. The defaulting bidder is liable for no more than three hundred dollars ($300) damages upon default, which may be collected by suit by the Finance Director in the name of the taxing authority.
(Ord. passed 4-16-1986)