3-143. Same; negotiations; bids; deeds.
3-143
3-143. Same; negotiations; bids; deeds.
Before transferring and conveying said real estate, the governing bodies
of said cities shall negotiate a sale or sales of such real estate, and no
sale thereof shall be completed and conveyance made until: (1) Said
governing bodies shall have solicited sealed bids by public notice inserted
once each week in the official city newspaper of said cities for three
consecutive weeks, and such sale shall be to the highest responsible bidder
after such notice, except that said governing bodies may reject any and all
bids, and in any such case, new bids may be called for as in the first
instance; and (2) said bid has been accepted and resolutions accepting the
same made a part of the records of said governing bodies. Thereupon, said
cities by their respective mayors and city clerks are hereby authorized to
make, execute and deliver a good and sufficient deed or deeds of conveyance
to the purchaser or purchasers thereof.
History: L. 1947, ch. 16, § 2; June 30.