Sec. 23. Disposition of public property and franchises.
a. No ordinance or resolution granting, leasing, selling, or
otherwise disposing of any public property or franchise (except
the rights of the city in its gas, water, electric works and
sewer system, now owned or hereafter acquired, as provided
in clause "b" of this section), shall be valid unless passed by
a recorded affirmative vote of three-fourths of all the members
elected to the council. In case of the veto by the Mayor of
such an ordinance or resolution, it shall require a recorded affirmative
vote of three-fourths of all the members elected to the
council to pass such ordinance or resolution over the veto. (Code,
Sec. 1033e.)
b. The rights of the city in its gas, water, electric works and
sewer system, now owned or hereafter acquired, shall not be
sold even after such action of the Council as is prescribed in
clause "a" of this section, until and except such sale shall have
been approved by a majority of the qualified voters of the city,
voting on the question at a special election ordered by the Council,
and subject in other respects to the provisions of section 25
of the Charter applicable to a special election. (Charter, Sec. 26.)
