131. (1) If any goods remain in the possession of the company, unclaimed for the space of twelve months, the company may thereafter, and on giving public notice thereof by advertisement for six weeks in one or more newspapers of the locality in which such goods are, sell such goods by public auction, at the time and place to be mentioned in such advertisement, and out of the proceeds thereof, pay such tolls and all reasonable charges for storing, advertising and selling such goods.
(2) The balance of the proceeds, if any, shall be kept by the company for a further period of three months, to be paid over to any person entitled thereto.