In case a judgment is rendered in favor of the state in such proceedings, a writ shall be issued to the sheriff, or any constable, of the proper county commanding him to seize such property so vested in the state, and if the same be personal property, he shall dispose of the same at public auction in the manner provided by law for the sale of property of like kind under execution; if the property be real estate, it shall be sold under the order of the court by the sheriff or a constable of the county, and the proceeds, less the costs, taxed by the court, and attorney's fees, and compensation awarded shall be by him paid to the Treasurer of the state: Provided, that no real estate shall be sold by the sheriff (or constable) at less than the minimum price to be fixed by the judge before whom the case was tried, such minimum valuation to be stated in the notice of sale. Should there be on the day of sale, no bona fide bid for as high an amount as the valuation fixed by the judge before whom the case is tried, there shall be no sale, and the writ or order of sale shall be immediately returned to the court issuing the same, and thereafter a new writ procured, and if necessary, a new order of appraisement value fixed by the judge of the court.

R.L. 1910, § 8441.