[Amended 8-7-1972; 12-8-1981; 12-9-2008]
The board of commissioners shall have power to purchase any
property, real, personal or mixed, which it deems to the best interest
of the city, and shall have power to sell and dispose of any property,
real, personal or mixed, now or hereafter owned by said city, but
the power herein granted shall at all times be subject to the following
limitations viz: Where the value of the property to be purchased or
sold exceeds the sum of one hundred eighty-five thousand dollars ($185,000.00),
the question of its purchase or sale shall be first submitted to the
electors of said city, at an election called for that purpose. The
question submitted shall be substantially in the following form: ["]
Shall the Board of Commissioners of the City of Cushing purchase (or
sell, as the case may be), the property to be purchased or sold (accurately
describing the same) ["]; and, if the majority of the votes cast in
said election shall be in the affirmative, then the board of commissioners
shall have the power hereby conferred and not otherwise. When the
value of the property sought to be purchased or sold exceeds the sum
of sixty thousand dollars ($60,000.00), but does not exceed the sum
of one hundred eighty-five thousand dollars ($185,000.00), the same
shall not be purchased or sold until ten (10) days after an ordinance
or resolution providing for such purchase or sale be duly passed and
published in a legal newspaper published and or circulated in said
City of Cushing. If during the ten (10) days a sufficient referendum
petition has been filed, the question shall be submitted to a vote
of the electors in accordance therewith, and in such case the board
of commissioners shall make such purchase or sale only after being
authorized by a majority vote of the electors voting at such election.
Where the value of the property sought to be purchased or sold does
not exceed the sum of sixty thousand dollars ($60,000.00), the board
of commissioners is authorized to make such purchase or sale.
Provided, however, that no public blocks, or parks, or any land
now, or hereafter owned by the city, for water or sewer plants and
uses, or other public purposes, or any part thereof, shall be sold
by the board of commissioner, unless the question of its sale shall
be first submitted to the electors of said city at an election called
for that purpose.
The question submitted thereat shall be substantially in the
following form: ["]Shall the Board of Commissioners of the City of
Cushing sell the property to be sold (accurately describing same)
["]; and, if the majority of votes cast in said election shall be
in the affirmative, then the board of commissioners shall have the
power to sell, and not otherwise.
