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GS <br />Page IofI <br />§ 160A -271. Exchange of property. <br />A city may exchange any real or personal property belonging to the city for other real or personal <br />property by private negotiation if the city receives a full and fair consideration in exchange for its <br />property. A city may also exchange facilities of a city -owned enterprise for like facilities located within <br />or outside the corporate limits. Property shall be exchanged only pursuant to a resolution authorizing the <br />exchange adopted at a regular meeting of the council upon 10 days' public notice. Notice shall be given <br />by publication describing the properties to be exchanged, stating the value of the properties and other <br />consideration changing hands, and announcing the council's intent to authorize the exchange at its next <br />regular meeting. (1971, c. 698, s. 1; 1973, c. 426, s. 42. 1.) <br />Attachment number 3 <br />http: / /www.neleg. net /gaseripts /statutes /statutelook4VI ?statute =160A -271 P2d642014 <br />