Any motor vehicle remaining in the possession of the custodian of the city tow lots to whom it has been delivered and with whom it has remained for a period of forty-five (45) days without being reclaimed by the rightful owner thereof, and without the payment of the towing and storage charges thereon, may after authorization from the Chief of Police, be sold to pay such towing and storage. The advertisement of the proposed sale shall be published once a week for three (3) weeks in a newspaper of general circulation as set forth in KRS 424.130. The last such advertisement shall be made at least seven (7) days before sale is held. Notice of sale shall be sent by registered mail to the owner of the motor vehicle and to any other person known to have any interest therein, addressed to such person at their last known address at least ten (10) days before the sale is held. The owner of any motor vehicle may sign waiver of notice of sale and waiting period and permit the custodian of city tow lots to sell the motor vehicles whenever he deems proper and necessary.