The property shall be sold in front of the Greenville County Courthouse, by auction, on the first Monday in October for cash to the highest bidder. The Greenville County Tax Collector shall give the purchaser a receipt for the purchase money and attach a duplicate thereof to the execution on which the Greenville County Tax Collector shall endorse that the property was sold to the named purchaser. Expenses of the sale shall be paid first, and the balance of the proceeds of the sale shall be delivered to the county treasurer. (Prior code § 1-5-41)