257B.4 - DIVISION AND APPRAISEMENT.
257B.4 DIVISION AND APPRAISEMENT.
The board of supervisors may, as preliminary to a sale, authorize
the trustees of a township, where the sixteenth section or land
selected in lieu of the sixteenth section has not been sold, to lay
out the section into tracts as in their judgment will be for the best
interests of the permanent school fund, conforming, as far as the
interests of the fund will permit, to the legal subdivisions of the
United States surveys, and appraise each tract at what they believe
to be its true value, and certify to the board the divisions and
appraisements made by them. The division and appraisement shall be
approved or disapproved by the board at its first meeting after the
report, and in case it disapproves, it may at once order another
division and appraisement. If the board of supervisors approves, the
county auditor shall make and keep a record of the division,
appraisement, and approval; but school lands shall not be sold for
less than the appraised value per acre, except as provided. A member
of the board of supervisors, county auditor, township trustee, or a
person who was engaged in the division and appraisement of the land,
shall not be directly or indirectly interested in the purchase of the
land; and any sale made, where the parties have an interest in the
land, shall be void. Section History: Early Form
[R60, § 1970, 1971; C73, § 1845--1847; C97, § 2840; C24, 27, 31,
35, 39, § 4472; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81,
§ 302.4] Section History: Recent Form
83 Acts, ch 185, § 9, 62
C93, § 257B.4