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0 <br />�_�::x, .:.:. . <br />..,.�. : k�:�r<� . <br />� . . � :.> • ., �. �r`' . <br />�������: <br />. � � � ���� �� � ���� ti�[�� <br />iJl�i��A��� Pl����l��'� <br />508.01: Sale of Unclaimed property <br />���o��o �,�.�: �F i)I��IL��1��ED PROPERTY: <br />The Chief of Police is authorized to administer the disposal of property lawfully coming <br />into the possession of the City and remaining unclaimed by the owner after sixty (60) <br />days. Disposal shall be by sale to the highest bidder at public auction or sale. A notice <br />specifying the date, time and place of any auction or sale shall be published in a <br />newspaper of general circulation throughout the City at least one week prior to such <br />auction or sale. The net proceeds of sale shall be placed in the City's General Fund, <br />subject to the right of Lhc former owner to payment of the net proceeds upon application <br />and presentalion of satisfactory �roof of ownership within six (6) months of i1�e sale. �et <br />�ait��•�:;]� means the sale price less all costs of handling, storage or sale. (Ord. 849, fi�l1- <br />79} <br />