In all cases where the city acquires a tax deed by reason of sales for delinquent special assessments, when the same can be disposed of for the amount shown on the face thereof to have been paid for by the city, together with the expense of obtaining the deed, plus not less than 6% interest from the date of such sale, the Mayor and City Clerk shall execute a quit claim deed for the property described in such deed, or such parts thereof as can be so disposed of. Surplus property shall be disposed of in accordance with 65 ILCS 5/11-76 et seq.
(Prior Code, § 31.037)