Section 187. Liens of truckmen and draymen

1.  Every person, firm or
  corporation engaged in carting or trucking property shall  have  a  lien
  upon  such  property  and may retain such portion of the property in his
  possession as will insure to the said truckman or drayman, at  the  sale
  of  such  property  in  the  manner  hereinafter  provided,  a  fair and
  reasonable compensation for the material and labor furnished,  including
  any  moneys  advanced  by  such  bailee for hire in connection with such
  work. Such truckman or drayman shall have such lien and may retain  such
  property only as provided in paragraph two of this section.
    2.  If  such  amount remains unpaid for thirty days after demand, such
  bailee for hire may upon fifteen days' notice in writing to  the  owner,
  specifying  the  amount  due  and informing him that the payment of such
  amount within fifteen days will entitle him to redeem such property, and
  if such property is not redeemed, such bailee may sell such property  at
  public  sale  to satisfy the account, including any expense for storage,
  insurance, or otherwise incurred for the protection or  preservation  of
  such  property.  The  proceeds  of  the  sale  after paying the expenses
  thereof shall be applied in liquidation of the indebtedness  secured  by
  such  lien,  and  the  balance, if any, shall be paid over to the owner.
  Such notice shall be served by registered mail directed to  the  owner's
  last  known  postoffice address and by posting in three public places in
  the town, village or city where the property is located. Nothing  herein
  contained  shall  preclude the remedy of enforcing such a lien by action
  as provided in article nine of this chapter.