Whenever the Common Council shall determine, 3/4 of its members
voting in favor thereof, to sell any piece or parcel of real estate
belonging to or under the control of the City, they shall direct the
City Treasurer to advertise and publish a notice of the same.
The City Treasurer shall attend upon the date and at the place
of sale, and sell the real estate at public auction to the highest
bidder; he shall give his receipt for the down payment of the purchase
price, and he shall communicate the sale price to the said Common
Council at the next regular session thereof.
The Common Council reserves the right to reject any and all
bids. No such sale of real estate shall become effective unless made
as herein provided and subsequently approved by resolution of the
Common Council.