274.41  Application of proceeds of sale.
  The proceeds of the sale of the property of a school district under the authority granted in sections 274.39 and 274.40 shall be deposited with the treasurer of the county and applied so far as necessary to the payment of the outstanding indebtedness of such school district.
[C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §274.41]