The proceeds of the sale of any abandoned motor vehicle shall be paid to the village treasurer who shall, from such proceeds, pay the costs of removal, storage, investigation, sales and liens, in that order. The remainder of the proceeds of sale, if any, shall be paid over to the registered owner or held by the village clerk for 60 days if the registered owner cannot be located with due diligence. If the owner does not claim the remainder of the proceeds within 60 days after the sale, the funds shall be deposited into the village general fund and the owner's rights therein shall be forever extinguished.
(Ord. No. 37, § 6, 9-18-1993)