The board of appraisers shall appraise all of the property of the district and shall
make a report of its appraisement to the board of directors. A copy of such report shall be filed by the secretary of the district with the state
engineer. The board of directors shall advertise for sale all of the property of the district
and shall publish a notice once each week for two consecutive weeks specifying that
sealed bids will be received, opened, and considered by the board at the time and
place specified in such notice, and setting forth a description of the property. At the time and place designated in such notice, or as soon thereafter as the board
can meet, it shall open and consider all bids received for the purchase of the property,
and it may reject any and all bids which do not, in the judgment of the board, offer
a fair and just consideration.
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