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AUCTIONEER SERVICE AGREEMENT <br />This agreement is entered into by CLC AUCTION SERVICES, hereinafter referred <br />to as Auctioneer, of Paris, Texas, and the CITY OF PARIS, TEXAS, hereinafter referred to <br />as Owner, under the following terms and conditions: <br />1. Auctioneer agrees to conduct a public auction sale or to otherwise sell the property <br />described in Exhibit A, attached hereto, belonging to Owner. The auction sale to be <br />conducted at 7915 Hwy 82 East, Blossom, Texas, beginning on the 12th day of May, <br />2007. Owner agrees to turn over and deliver to Auctioneer the listed items. <br />2. Owner will furnish Inventory (Exhibit A) attached to this contract. <br />3. Auctioneer agrees to prepare all advertising material and publicity necessary to <br />properly advertise and promote the attendance of buyers at no cost to Owner. Auctioneer <br />agrees to perform all services and conduct the auction in compliance with Auctioneer's <br />Proposal for Services presented to Lamar County, a copy of which is appended hereto as <br />Exhibit B and incorporated herein for all purposes. <br />4. All items will sell without reserves to the highest bidder with the exception of items <br />specified in writing to be protected. No item shall be sold or withdrawn from sale prior <br />to auction except by mutual agreement of the parties. Owner agrees that all items are <br />free of liens and has a clear title to all items requiring a title. <br />5. Owner agrees to pay Auctioneer for the services rendered by Auctioneer a <br />commission of ten percent (10%) of the total income from all sales of Owner's property <br />made at public auction. <br />6. This agreement shall be binding upon the parties for aperiod offorty-five (45) days <br />after the execution hereof. <br />Executed this 9th day of April, 2007. <br />ATTEST: <br />By: <br />By: <br />Richard Manning, Mayor <br />Janice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />W. Kent McIlyar, City Attorney <br />CITY OF PARIS, TEXAS <br />CLC AUCTION SERVICES <br />Lee Cannedy <br />EXHIBIT.. <br />