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Session Laws, 1936 (Special Session 1)
Volume 577, Page 300   View pdf image (33K)
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30Q LAWS OF MARYLAND. [CH. 132

sale shall, by order of said Court, be ratified and confirmed,
and the purchaser shall, on payment of the purchase
money, have a good title to the said property so sold, sub-
ject to the redemption thereof as hereinafter provided;
but if good cause in the judgment of said Court be shown
in the premises, the said sale shall be set aside, in which
case the said Town Clerk shall proceed to a new sale of
the said property and bring the proceeds into Court, out
of which the purchaser shall be paid the purchase money
paid by him to the Town Clerk on said rejected sale, and
all taxes assessed on said real estate or leasehold estate
and paid by said purchaser since said sales and all costs
and expenses properly incurred in said Court, with inter-
est on all sums from the time of payment at the rate of
ten per centum per annum; and if the purchaser has not
paid the purchase money or the subsequent taxes, the
Town Clerk shall apply such proceeds to the payment of
the taxes for which said property may have been sold, and
all subsequent taxes then in arrears with interest on the
same according to law and the costs of proceedings. The
Town Clerk shall require the purchaser of such property
on the day of sale, or the next day succeeding, to pay on
account of said purchase the amount assessed or taxed
on the property sold, together with all interest, penalties,
costs, and charges, and no more, and the residue of the
purchase money shall remain on a credit for two years.

It is hereby expressly provided that the owner or own-
ers of record of real property sold at tax sale by the Town
of University Park shall have the privilege of redeeming
any property so sold within two years after the ratifica-
tion by the Court of such sales by paying to the Town Clerk
all town taxes and assessments against such property, to-
gether with all interest, penalties and costs accrued to
the date of redemption. The Town Clerk of University
Park is directed to purchase on behalf of the town all
property which does not receive a bid sufficient to pay all
the taxes and assessments levied against the same, and
not exceeding the aggregate amount thereof. If the prop-
erty so sold shall not be redeemed at the expiration of 2
years' from the date of ratification of sale by the Court,
the Town Clerk shall, when required and on payment of
the full amount of the purchase money, execute a deed for
the same to the purchaser. If it shall appear that the
owner of the said property prior to the execution of the
deed f or the same by the Town Clerk cannot, after reason-
able effort, be found, or if said owner shall refuse to re-
ceive the balance of the purchase money after deduction

 

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Session Laws, 1936 (Special Session 1)
Volume 577, Page 300   View pdf image (33K)
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