Section 48-548 - Sale of delinquent property; right of redemption; deed to purchaser; purchase by municipalityA. The sale shall be conducted as nearly as possible as are sales of property for delinquent assessments and as proceedings subsequent thereto are conducted under this article so that the rights of the purchaser shall vest in the purchaser and redemption from the sale may be made to the treasurer. If the property is not redeemed, a deed shall issue to the purchaser in like manner and effect as sales for delinquent assessments.B. If there is no purchaser for any lot, piece or parcel of land offered for sale, it shall be struck off to the municipality, as purchaser, and the city or town council shall appropriate from the general fund of the treasury the amount required for the purchase and shall order the treasurer to place the amount in the special fund for such improvement. Thereafter the lien of the assessment shall not be extinguished for nonpayment of general taxes or prior special assessments and the annual installments of principal and interest of the assessment shall constitute a first lien on the respective lot, piece or parcel of land, coequal with the lien for general taxes. If the lien has not been extinguished prior to the property being stricken off to the state, such lien shall extinguish upon sale of the property pursuant to title 42, chapter 18, article 7 and the municipality shall share pro rata in the proceeds of such sale to the extent of the delinquent assessments.