[Adopted as § I of the Town Code]
The Board of Selectmen shall be authorized, without further municipal approval, to dispose of any obsolete, damaged or unused items of property of the Town, except land, buildings or water rights, provided that the item of property has, in the opinion of the Board of Selectmen, a value of less that $10,000 at the time of disposition. Disposition shall include applying any item of property, regardless of value, as a trade-in on the purchase price of a budgeted expenditure of a like or improved item.
Items disposed of under this article are exempt from mandatory bidding procedures; however. the Selectmen are hereby authorized to use such bid procedures as it deems appropriate when, in the Board's opinion, such procedures would best serve the interests of the Town.