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A. Obsolete Or Surplus Supplies: No surplus or obsolete supplies, materials or equipment may be sold until the board of trustees shall have declared them obsolete or surplus. (1984 Code § 7-107; amd. 2002 Code)
B. Competitive Bidding:
1. Before the town sells any surplus or obsolete supplies, materials or equipment, except as otherwise provided below, the town purchasing officer shall advertise them for sale in a newspaper of general circulation in the town or give notice in such other manner as the town purchasing officer deems necessary adequately to reach prospective buyers to give them opportunity to make necessary bids.
2. All bids shall be sealed and shall be opened in public at a designated time and place, except when the sale is by auction. The town may repeatedly reject all bids and advertise or give notice again. The town purchasing officer shall sell such supplies, materials or equipment to the highest responsible bidder. In case of a tie, if necessary, the town purchasing officer shall cast lots to determine to whom to sell, or the town purchasing officer may decide the sale among two (2) or more tying, always selling to the highest bidder or bidders. (1984 Code § 7-107)