All property referred to in Section 240.02 shall be immediately turned over to the Chief of Police, who shall be the custodian thereof, and it shall be his or her duty to provide proper storage for such property until the same shall have been reclaimed by the owner or sold as provided herein. All money and negotiable securities shall be turned over by the Chief of Police to the Village Treasury for safekeeping, and if not reclaimed within the ninety-day period provided for below, such securities shall be converted to cash and shall be deposited in the General Fund along with other moneys so turned over to the Treasury.
(Ord. 98. Passed 7-14-76.)