§54-18  Purchase and sale of waterworks
property; contracts.  The board of water supply may contract for work, and
purchase supplies, materials, or equipment, when the cost of the same can be
met from the revenues or reserves of the waterworks, or from the proceeds of
bonds authorized for the waterworks.  All contracts shall be executed in the
name of the board and shall be signed by the chairperson or acting chairperson
of the board.



The board may sell or otherwise dispose of any
buildings, materials, supplies, or equipment, under its control, when no longer
used or useful for its purpose; provided that the buildings, materials,
supplies, or equipment shall first be offered at its depreciated or market
value to the council.  All documents of transfer of the buildings and personal
property shall be executed in the name of the board and shall be signed by the
chairperson or acting chairperson thereof.  All proceeds of the sale shall be
deposited with the county treasurer and be by the county treasurer placed to
the credit of the board. [L 1961, c 155, pt of §1; Supp, §145A-8; HRS §54-18;
gen ch 1985, 1993]