3-144m. Same; resolution, publication; petition for election; notice, conduct of election.
3-144m
3-144m. Same; resolution, publication; petition for election; notice,
conduct of election.
The governing body of any such city may by resolution declare it is in
the best interests of the city to sell such property and order it sold,
subject to any outstanding leases thereon. Such resolution shall state the
manner in which the property will be sold. The city clerk shall cause such
resolution to be published once each week for three (3) consecutive weeks
in the official city newspaper before such property is sold, and if ten
percent (10%) of the qualified voters of such city, based upon the total
vote cast for the secretary of state at the last general election, on or
before thirty (30) days from the first publication, shall petition the
governing body to submit to the voters of the city for their approval or
rejection the question of the sale of such property and the method thereof,
such sale will be delayed pending such election.
When such petition is filed with the city clerk, the clerk shall cause a
notice of such election to be published in the official city paper at least
fifteen (15) days before such election, and such election shall be
conducted in all respects as now provided for bond elections in such
cities. In the event a majority of the votes cast favor the resolution of
sale the governing body shall continue with and complete the sale of said
property; but if a majority of the votes cast are against the resolution of
sale it shall not be made.
History: L. 1965, ch. 142, § 2; April 20.