The Town Meeting hereby delegates its power
to acquire and convey interests in real property to the Board of Selectmen
in the name of the Town subject to the provisions of this chapter.
Whenever it is determined by a meeting of the
Board of Selectmen, called and held for the purpose, that any parcel
of real estate owned by the Town, including property taken by tax
foreclosure or in lieu of taxes or any other lien, no longer serves
any public use ordinarily provided by the Town government, said Board
shall have the power in its sound discretion to lease said parcel
to person or persons financially responsible upon the most advantageous
terms and conditions the market at the time of leasing will afford
for a term not to exceed five years.
The Board of Selectmen shall have the power,
upon reasonable public notice and invitation to bid, to sell in the
name of the Town any real property taken by tax foreclosure or in
lieu of taxes or in lieu of any other lien in favor of the Town; provided,
however, that the proceeds of such sale shall not be less than the
amount of the obligation of the Town for which said property was taken.