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BGO; 19 Fa 9 <br />period shall constitute a rejection and the deposit shall be returned to the last <br />and highest bidder. <br />11. The Board of Commissioners reserves the right to at any time reject any and <br />all offers. <br />12. If the sale is completed, the funds received shall be applied as follows: first, <br />to defray any cost of sale not covered by the deposit received for such <br />purposes; second, to pay governmental unit the amount of outstanding taxes <br />which made up its share of the bid or purchase price for the property; third, <br />to pay to the governmental unit the percentage of any remaining funds that <br />its current tax rate bears to the total of the current tax rate for the unit of <br />government. <br />Adopted this the 7th day of October 2002. <br />i <br />Herbert A. Hincks, Chairman <br />3 <br />