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