The Chief of Police, or such person as shall be designated by him, may sell at public auction all unclaimed property that has been in custody for a period of 180 days. He shall fix a day upon which the sale shall take place, and give notice thereof by publication in a daily newspaper. The notice shall state the day and hour when such sale shall commence and shall contain a general description of the property to be sold, or shall refer to a list thereof on file with the Chief of Police. The notice shall be signed by the Chief of Police or by the person designated by him to conduct such public auction. The proceeds of such sale, after deducting the cost of storage, advertising, selling, and other expenses incident to the handling and selling of such property, shall, together with all moneys unclaimed for a period of 180 days, be paid into the city treasury. Money which has been found, as distinguished from money that has been stolen or feloniously obtained, will be turned over to the finder if unclaimed for a period of 180 days. In no case shall any property be sold or disposed of until the necessity for the use thereof as evidence has ceased.
('71 Code, § 20-30) (Ord. passed 4-19-66; Am. Ord. passed 2-17-98)