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<br />AUCTIONEER SERVICE AGREEMENT <br /> <br />This agreement is entered into by REGGIE McDOWRA AUCTIONEER SERVICE, <br />hereinafter referred to as Seller, of Paris, Texas, and CITY OF PARIS, hereinafter referred to as <br />Owner, under the following terms and conditions: <br /> <br />1. Seller agrees to conduct a public auction sale or to otherwise sell the property described <br />in Exhibit A, attached hereto, belonging to Owner, trustees, creditors, or secured parties. The <br />auction sale to be conducted at the Fair Ground Coliseum Building, Paris, Texas, beginning on <br />the 24th day of October, 1998. <br /> <br />2. Owner will furnish Inventory with serial numbers to be attached to this contract. <br /> <br />3. Seller agrees to prepare all advertising material and publicity necessary to properly <br />advertise and promote the attendance of buyers at no cost to Owner. <br /> <br />Owner agrees to pay Seller for the services rendered by Seller a commission of nine and <br />three- fourths percent (9.75 %) of the total income from all sales made during the period of this <br />contract whether such sales are made at public auction, by private sale or in any other manner. <br /> <br />This contract and agreement shall be binding upon the parties for a period of sixty (60) <br />days after the execution hereof. <br /> <br />Executed this 14th day of September, 1998. <br /> <br />OWNER <br /> <br />By: <br /> <br />Charles H. Neeley, Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />~~& <br /> <br />Scott P. Foster, City Attorney <br /> <br />~,XHIBIT A <br />