[HISTORY: Adopted by the City Council of the City of Butler: Art. I, 11-3-1988 as Ord. No. 1315. Amendments noted where applicable.]
[Adopted 11-3-1988 as Ord. No. 1315]
The city is hereby authorized to sell, in the manner hereinafter provided, real estate owned by the city.
The City Treasurer shall advertise such proposed sale once a week for three (3) successive weeks in at least one (1) newspaper of general circulation in the city. The advertisement shall give a brief description of the property to be sold sufficient to identify it as to location and character. The terms of the sale shall ask for sealed bids for the purchase thereof, direct all bids to be sent to the City Clerk on or before a certain date and give any other information relating to such bid as shall be necessary, shall announce that the bids shall be opened and read at a public meeting of Council to be held at a time fixed and that Council shall have the right to reject any and all bids.
If Council accepts the highest responsible bid for such property, the City Treasurer shall, within twenty (20) days after such acceptance and upon receipt of the purchase money, deliver to the successful bidder, his heirs or assigns, a deed in fee simple for the property sold as aforesaid, which shall be acknowledged by the Mayor and attested by the City Clerk.