468.159 - TAX DEED -- SALE OR LEASE. - Iowa Statutes

468.159 TAX DEED -- SALE OR LEASE. If no redemption shall be made the board of supervisors or trustees, as the case may be, shall receive the tax deed as trustees for the district. They shall credit the district with all income from said property. They may lease or sell and convey said property as trustees for such district and shall deposit all money received therefrom to the credit of such district. The board of trustees may also lease or sell and convey such other property of the district, both real and personal, as is no longer needed for the purposes for which the district was established, and any such leases, sales and conveyances prior to July 1, 1970, are hereby legalized and declared to be valid and binding. This amendment in 1978 shall not be construed to affect any litigation involving the lease, sale or conveyance of property by the board of supervisors or board of trustees, as the case may be, of a drainage or levee district, which litigation is pending on July 1, 1978.          Section History: Early Form [C24, 27, 31, 35, 39, § 7590; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 455.171]          Section History: Recent Form 89 Acts, ch 126, § 2 CS89, § 468.159