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AUCTIONEER SERVICE AGREEMENT <br />This agreement is entered into by MONTE MOORE AUCTIONEERS, hereinafter referred <br />to as Seller, of Paris, Texas, and the CITY OF PARIS, PARIS, TEXAS, hereinafter referred to as <br />Owner, under the following terms and conditions: <br />1. Seller agrees to conduct a public auction sale or to otherwise sell the property described in <br />Exhibit A, attached hereto, belonging to Owner, trustees, creditors, or secured parties. The auction <br />sale to be conducted at , Paris, Texas, beginning on the 31 st day of May, <br />2003. <br />2. Owner will furnish Inventory with serial numbers to be attached to this contract. <br />3. Seller agrees to prepare all advertising material and publicity necessary to properly advertise <br />and promote the attendance of buyers at no cost to Owner. <br />Owner agrees to pay Seller for the services rendered by Seller a commission of nine percent <br />(9%) of the total income from all sales made during the period of this contract whether such sales are <br />made at public auction, by private sale or in any other manner. <br />This contract and agreement shall be binding upon the parties for a period of sixty (60) days <br />after the execution hereof. <br />Executed this 12th day of May, 2003. <br />By: <br />ATTEST: <br />Mattie Cunningham, City Clerk <br />APPROVED AS TO FORM: <br />Larry W. Schenk, City Attorney <br />CITY OF PARIS, PARIS, TEXAS <br />Curtis Fendley, Mayor <br />EXHIBIT B <br />