§ 2-38. Montgomery property.

(a)

The Board of Selectmen is authorized:

(1)

To sell all property devised to the Town under the will of Colonel Robert H. Montgomery, which by the terms of said will may be sold, including, but without limitation, all of the property on the easterly side of Bible Street and Tracts A, B and C on the Map entitled "Property Devised to the Town of Greenwich by Robert H. Montgomery of Greenwich, Connecticut", dated October 21, 1953, and bearing number 3043 in the office of the Town Clerk of said Town of Greenwich, together with any buildings and improvements thereon, either at public auction or at private sale, at such times, in such parcels, in such order and for such amounts as to it shall seem best, subject to the approval of the Board of Estimate and Taxation; and

(2)

To execute all contracts and instruments of conveyance with or without warranties necessary to effect the sale and conveyance thereof.

(b)

No such property shall be sold at private sale unless previously advertised, in a newspaper having local circulation, for bids thereon and that no private sale shall be made of any property for a price less than the highest bid so received.

(c)

If the Board of Education with the consent of the Board of Estimate and Taxation shall prior to December 31, 1955 instruct the Board of Selectmen that the 39 acre tract, or any part thereof, on the easterly side of Bible Street is needed for school purposes, the tract shall not be sold without further authorization of the Representative Town Meeting.

(Ords. & Reg., § 18-2, 6/14/54.)