Section 10059 Of Article 2. Sale And Disposal From California Public Utilities Code >> Division 5. >> Chapter 1. >> Article 2.
10059
. When a bid is accepted by the legislative body of the
municipal corporation, the legislative body may by resolution
authorize its mayor, or president of its board of trustees, or other
chief executive officer, and its clerk to execute, acknowledge, and
deliver on behalf of the municipal corporation, in its name and under
its corporate seal, a deed conveying the public utility to the
successful bidder upon receiving from him in cash the full amount of
the bid and the promise of the bidder to continue to operate the
public utility. The deed shall operate to convey to the successful
bidder all of the municipality's right, title, interest, and estate
in and to the public utility described in the deed.