Purchase by Government at sale upon distraint.
Section 159
SEC. 159. Purchase by Government at sale upon distraint.—When property advertised for sale under distraint is of a kind subject to the tax and the tax has not been paid, and the amount bid for such property is not equal to the amount of the tax or is very much less than the actual market value of the articles offered for sale, the provincial treasurer may purchase the same in behalf of the Insular Government for the amount of taxes, penalties, and costs due thereon. Property so purchased may be resold by the provincial treasurer, subject to the Regulations of the Bureau of Internal Revenue, the net proceeds being paid into the Insular Treasury and accounted for as internal revenue.