Whenever any property of any nature, exclusive of any motorized vehicle, lawfully comes into possession of the city in the course of the municipal operations of the city and such property remains unclaimed by the owner thereof for a period of three months or more, the city may
such property by the City Manager conducting a public auction or sale or a sale by consignment. Notice of such sale shall be published in the official newspaper and posted at least ten days in advance of the sale on the bulletin board located at the City Hall. If any such unclaimed property is perishable or subject to decay by keeping, it may be sold, if not claimed by the owner within ten days, upon five days’ posted notice, and if any such property be in a state of decay or manifestly liable to decay, it may be summarily sold by order of the City Manager, after inspection, without notice. All unclaimed property sold at such auction or sale shall be sold to the highest bidder. All unclaimed property which is not sold when offered for sale as provided in this Division B shall become the property of the city and may be destroyed or disposed of as directed by the City Manager. All unclaimed property which may not be offered for sale or sold according to law may after 60 days be disposed of or destroyed as directed by the City Manager after notice of disposition has been given in the manner provided by this Division B for saleable unclaimed property.
(1958 Code, § 75.01) (Ord. 116, passed 7-18-1957; Ord. 26, passed 4-21-1961; Ord. 44, passed 10-2-1961; Ord. 68-100, passed 12-16-1968; Ord. 69-68, passed 8-4-1969; Ord. 98-47, passed 10-5-1998)