Sec. 4.12. - Presumed grant to town of certain lands.

In the absence of any contracts with the town in relation to the lands used or occupied by it for the purpose of streets, sidewalks, alleys or other public works of said town signed by the owner or owners thereof, or his agent, it shall be presumed that the said land has been granted to the town by the owner or owners thereof, and the town shall have good right and title thereto, and shall have, hold and enjoy same. Unless the owner or owners of said land, or those claiming under them shall make claim or demand, in writing addressed to the council, for compensation within two (2) years next after said land was taken, they shall be forever barred from recovering said land or having any compensation therefor. Nothing herein contained shall affect the right of persons under disability to make a claim until two (2) years after the removal of their disability.

Sec. 4.13. - Conveyances with covenants of warranty.

(a)

The council is hereby authorized to execute and deliver conveyances to any property, whether acquired by tax or assessment foreclosure or otherwise, with full covenant of warranty whenever in its discretion it is to the best interest of the town to convey by warranty deed.

(b)

Members of the council are hereby relieved of any personal or individual liability by reason of the execution of any such conveyances with covenants of warranty.

Sec. 4.14. - Quitclaims of town property.

The town may quitclaim any rights it may have in property not needed for public purposes upon report by the town manager and adoption of a resolution by the council, both finding that the property is not needed for public purposes and that the interest of the town has no readily ascertainable monetary value.

Sec. 4.15. - Conveyance to abutting owners of small parcels of land cut off from town-owned tracts by street improvements.

Whenever in opening, extending or widening any street, avenue, alley or public place of the town a small parcel or tract of land is cut off or separated by such work from a larger tract or boundary of land owned by the town, the council may authorize the town manager to execute and deliver in the name of the town a deed conveying said cut-off or separated parcel or tract of land to an abutting or adjoining property owner or owners in exchange for rights-of-way for said street, avenue, alley or public place or in settlement of any alleged damages sustained by said abutting or adjoining property owner. All deeds and conveyances heretofore or hereafter so executed and delivered shall convey all title and interest the town has in such property notwithstanding no public sale after advertisement was, or is hereafter made.

Sec. 4.16. - Disposal of surplus personal property.

In addition to the general powers conferred by law, the council shall have the power and authority to sell, or to direct any of its officers or employees to sell, at private sale, without bids or advertisements, any personal property owned by the town having a market value of one hundred fifty dollars ($150.00) or less, and which has been declared by the council to be surplus property.