[HISTORY: Adopted by the Board of Trustees of the Village of Penn Yan 1-17-1972 (Ch. 49 of the 1969 Code). Amendments noted where applicable.]
Any person who finds lost property, as defined by Article 7-B of the Personal Property Law, shall within 10 days after the finding or acquisition of possession thereof either return it to the owner or report such finding or acquisition of possession and deposit such property in the police station of the Village of Penn Yan where the finding occurred or possession was acquired.
The police with whom found property is deposited shall accept and retain custody of the property and shall give to the person depositing it a receipt identifying the transaction of the deposit and identifying the property.
Such property shall be transmitted, together with the report of the person who deposited it with the police, to the police officer or other official designated to hold such property, who shall make entry in his records of such deposit and the report of the person depositing such property with the police.
If the report of the person who deposited the property shows that the property was found in a place other than a public street or highway, the police with whom it is deposited shall give notice of the finding and deposit, including the location of the office to which the property is transmitted, to the occupant of the premises where the property was found or to the person in charge of such premises.
The police with whom property is deposited shall give notice of the deposit to each person whose name and address appears upon the property or whose name so appears and whose address is known to the police.
Upon the expiration of six months from the date of the acceptance and retention of the property by the Police Department or upon the expiration of six months from the date of possession of the property by the Police Department, the police may sell at public auction to the highest bidder after publishing in the Yates County Chronicle Express a notice of sale once, and not less than seven days before the date of sale upon due notice of such public sale; such notice of sale being made pursuant to a motion by the Board of Trustees of the Village of Penn Yan, New York.
If no bids are received at public sale and the property has no value, it may be destroyed by the police, or if it has salvage value only, it may be sold by the police in such manner as may be reasonable in the circumstances.
Proceeds of the sale shall be disposed of pursuant to the provisions of the Personal Property Law and the General Municipal Law, and any unclaimed funds after six months shall be deposited in the general fund of the Village of Penn Yan, New York.