Disposition of proceeds.

The moneys arising from sales under the provisions of this chapter shall be first applied to the payment of the costs and expenses of the sale and then to the payment of lawful charges and expenses for the keep of said personal property and the balance, if any, shall be paid into the police pension fund of said city if such fund exists; otherwise into the city current expense fund.

[1939 c 148 § 2; 1925 ex.s. c 100 § 3; RRS § 8999-3.]