(A) If property seized or otherwise taken possession of by the Police Department shall not be claimed by the rightful owner thereof and possession surrendered to such owner within sixty (60) days from the day of the final disposition of the court proceedings in connection with which such property was seized or otherwise taken possession of, or in case there are no such court proceedings, then if such property shall not be claimed by the rightful owner and possession surrendered to such owner within sixty (60) days from the date of such seizure or taking by the Police, said Chief of Police shall publish or cause to be published in the official newspaper of the Village a description of such property together with the date of seizure or the taking possession thereof and shall give notice that if such proper be not claimed by the rightful owner or owners thereof within ten (10) days from the date of such publication, such property will be sold at public auction at such places as the Chief of Police may direct and in such manner as to expose to inspection of bidders all property so offered for sale; provided that if such unclaimed property is deemed by the Chief of Police to be of use to the Department of Police, the same may be retained for the use of the Department; provided further that no member of such Department directly or indirectly shall purchase or participate in the bidding for or purchase of such unclaimed property.
In addition to the publication of notice provided for in this Section, the Chief of Police shall post or cause to be posted in at least three (3) public places in the Village a copy of the notice published in the official newspaper and shall make a record of the date when such publication and the posting of notices are made and, if within ten (10) days from the date of such publication and posting, no claim for such property described in such notices shall have been made by the rightful owner thereof, the Chief of Police shall proceed to sell such property at public auction. (1965 Code, Sec. 12.21)
(B) Emergency Sale: If any property seized by or coming into the possession of the Police Department shall be of a perishable nature or of such a nature as to make it dangerous or inadvisable to retain possession thereof for sixty (60) days, the Chief of Police, upon certifying such fact to the Board and setting forth his reasons why such property should not be retained for the period hereinabove fixed before selling same, shall, with the approval of the Board, cause to be posted a notice as prescribed in subsection (A) above, but providing for sale at any time after three (3) days from the date of such posting and, at the time fixed in such notice, shall sell such property as provided above. (1965 Code, Sec. 12.22)
(C) Disposition of Proceeds: The proceeds of any sale or sales made pursuant to subsections (A) and (B) of this Section, after deducting the cost of storage, advertising, selling and other expenses incident to the handling or selling of such property, shall be paid by the Chief of Police to the Village Treasurer for deposit in the general funds of the Village. (1965 Code, Sec. 12.23)
(D) Disposition of Weapons: None of the provisions of the preceding Sections shall apply to pistols, revolvers, derringers, bowie knives, switchblade knives, slingshots, metallic knuckles, or other deadly weapons of like character. All such weapons, except those that the Chief of Police shall deem to be of use to the Department and shall retain for the use of the Police Department shall, within six (6) months after their receipt, be completely destroyed or sunk or removed into a place from which they cannot be recovered. (1965 Code, Sec. 12.24)