Any bicycle that has been abandoned in the Township of Upper Moreland shall be impounded by the Chief of Police for a period of 30 days. The owner of the bicycle may claim it within 30 days from the point of seizure by the police. In the event that the bicycle is not claimed within 30 days, then the Chief of Police may, in his discretion, either dispose of the bicycle at public sale, turn it over to any charitable institution approved by the Board of Commissioners, or destroy it if the bike is of little or no value.