Boards, department heads, and other officers having movable property which is not
useful to them shall from time to time and at least annually furnish a list thereof
to the Department of Finance. The Department of Finance shall examine such property,
and if the same is found to be usable, it shall be returned to the central storehouse
or inventoried for subsequent issue upon requisition. If it is found to be unusable
for public purposes, the Director of Finance, after fixing a minimum price shall cause
the property to be exchanged or sold at public auction to the highest bidder for not
less than the minimum price established after advertisement in the official journal
twice, and the proceeds shall be placed in the General Fund. By ordinance approved
by two-thirds of all its members, the Council may authorize the sale without public
bid of movable property not needed for public purposes at a shop or store operated
by or under the authority of the City of New Orleans, and the proceeds shall be placed
in the General Fund or another fund as specified in the ordinance.
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