A. 
Where tangible personal property comes into the possession of the Police Department by finding or recovery and if the owner or his whereabouts is unknown and cannot be ascertained or if said owner shall refuse to receive such property, then the said property shall not be disposed of for six months, except in the case of motor vehicles, which shall be for three months. In any such case the governing body of said municipality, by resolution, may then provide for the sale in whole or in part of any such property at public auction, after notice of a designated time and place therefor not less than 10 days prior thereto published in a newspaper circulating within the Township. Perishable items may be sold without reference to the said periods of time.
B. 
Moneys received from the sale of any such property shall be paid into the Police Pension Fund, if any; otherwise into the general Township treasury.
All unclaimed money coming into the possession of the Police Department shall be turned over within 48 hours to the Township Treasurer for retention in a trust account and, after six months, be paid into the Police Pension Fund, if any; otherwise into the general Township treasury.