Article 4 - SALE, ETC., OF PERSONAL PROPERTY OR TIMBER OWNED BY INSTITUTE BY AUCTION OR BID
- Section 21-1-80 - Contracts for sale, etc., of tangible personal property or standing timber of institute by public auction or sealed bid, advertisement of sale; manner of taking bids and awarding contract
- Section 21-1-81 - Authority of president to sell by lot or individual item, subject to consent of board; when all bids may be rejected and sale re-advertised or items sold by negotiation
- Section 21-1-82 - Institute's officers and employees not to act as agents for bidders; ability to bid or purchase
- Section 21-1-83 - Advertised property to be available for inspection
- Section 21-1-84 - Disposition of proceeds of sale
- Section 21-1-85 - Payment by purchaser due upon removal; time limit for removal; exception for standing timber
- Section 21-1-86 - Sale violating this article void; penalties for persons responsible and bondsmen; how penalties recovered
- Section 21-1-87 - Violation constitutes a misdemeanor
- Section 21-1-88 - Applicability; validation of certain prior sales