(A) The Tax Collector shall offer for sale and sell the delinquent tax claims to any person for cash. If there is more than one willing purchaser of a claim, the one having made the most recent purchase of a tax claim against the same delinquent or property shall have preference. Otherwise, the claim shall be sold to the first person offering to purchase same. If no responsible bid in the amount of the tax is received, the Tax Collector shall purchase it for the city.
(B) (1) When a sale is made, the tax bill shall be known as a certificate of delinquency, and the Tax Collector shall inscribe thereon the date of sale, the sale price and the name and address of the purchaser, and the purchaser shall be entitled to a certified copy thereof.
(2) Certificates of delinquency shall bear interest after date of issuance until collected, at the rate of 12% per annum.
(3) To the extent applicable, such certificates of delinquency shall have the same attributes as certificates of delinquency with respect to state and county taxes.
(Prior Code, § 37.39) (Ord. 317, passed 9-5-1967)