Upon the making of an exchange of lands for other lands in the county as provided in section 11-27-12, the board of county commissioners and the county auditor may give a deed in the usual form, transferring all the right, title, and interest of the county in or to such lands held through tax deed proceedings, to the party or parties from whom the county receives other lands in exchange therefor. They may receive a deed from such other parties, conveying to the county the title to such lands as are acquired through such exchange.