§ 2.16.03. Proceeds of sale to owner.

The mayor shall deposit the receipt from the aforesaid sale of unclaimed property in the treasury and the treasurer is to keep these funds in a special account for a period of six months and any person identifying as his own any of such property within the six-month period shall upon the presentation of satisfactory proof be paid by the city out of the special account the amount for which the property was sold. The clerk or some person designated by him shall keep in a well bound book an accurate record and description of each piece of unclaimed property passing through his office and the price for which it was sold and the date, the name and address of those who purchased same, as well as a complete record of those who identified and claimed any of the property before it was sold.