The sheriff to whom such claim or account is certified under the provisions of this
article shall on the first day of the term of the circuit court of his county succeeding
the publication of such notice, make sale of such claim or account to the highest
bidder, and, in case the amount bid therefor be less than one hundred dollars, he
shall require the payment thereof in cash; and if the amount bid therefor be more
than one hundred dollars, he shall require one third thereof to be paid in cash, and
shall receive the notes of the purchaser for the residue in two equal installments,
payable respectively in six and twelve months, with legal interest thereon until paid. Such notes shall have the names of at least two persons signed thereto as sureties,
whom the prosecuting attorney of the county, by endorsement on the back of such notes,
shall certify are in his opinion responsible and solvent.
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