Resale of real estate taken for taxes.
Section 160
SEC. 160. Resale of real estate taken for taxes.—The Collector of Internal Revenue shall have charge of any real estate obtained by the Insular Government of the Philippine Islands in payment of debts, taxes, penalties, or costs arising under the Internal Revenue Law or in compromise or adjustment of any claim therefor; and said Collector may upon the giving of not less than twenty days' notice sell and dispose of the same, at public auction, or with the prior approval of the Secretary of Finance and Justice may dispose of the same at private sale. In either case the proceeds of the sale shall be deposited in the Insular Treasury, and an account of the same shall be rendered to the Insular Auditor.