The corporate authorities may by resolution passed by a simple majority of the corporate authorities then holding office:
   (A)   Determine the manner and method by which municipal personal property shall be offered for sale and in so doing specify the item to be sold and the reason it is no longer needed for public use;
   (B)   Negotiate through the City Administrator or his or her designated representatives the price and terms of sale of personal property;
   (C)   Authorize any municipal officer to convert the personal property into some other form that is useful to the city by using the material in the personal property;
   (D)   Convey or turn in any specified article of personal property as part payment on the purchase of other new property;
   (E)   Authorize the sale of personal property in the manner and by the method as designated by the corporate authorities; and
   (F)   Authorize the execution of a sale agreement by the appropriate municipal officer for the sale of municipal personal property.
(1999 Code, § 34.04)  (Ord. 3441, passed 5-1-2006; Ord. 3784, passed 12-3-2012)