(a) All sales, leases, or grants of any real estate, belonging to the City shall be signed by the Mayor thereof, and sealed with the City Seal, and any conveyance so executed, if approved by a meeting of the citizens of the City legally assembled, and recorded in the records of the town where the lands so sold, leased, or granted lie, shall be good and effectual in law to convey the estate intended to be conveyed by such sale, lease, or grant.

(b) Any allocation of wastewater treatment capacity of the wastewater treatment plant of the City and any use of any wastewater distribution mains of the City connected to the plant serving any property outside the territorial limits of the City shall require a written agreement setting forth the specific terms and conditions of the allocation of wastewater capacity or use of wastewater distribution mains of the City connected to the plant. Any written agreement allocating wastewater treatment capacity outside the territorial limits of the City shall be approved at an annual or special meeting of the voters of the City legally assembled and, once signed by the City Council, or its authorized representative, shall be recorded in the land records of the municipality where the lands are located and benefited by the allocation of wastewater treatment capacity or use of wastewater distribution mains of the City connected to the plant. (Amended 2007, No. M-15, § 2, eff. May 16, 2007.)