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MONTE MOORE Auctioneers TEXAS AUCTIONEER LICENSE TXS -9579 Phone 903 - 784 -2557 Paris, Texas 75460 2074 N. Main This sales agreement is entered into by MONTE MOORE hereinafter referred to as Seller of Paris, Texas, and CITY OF PARIS, hereinafter referred to as Owner under the following terms and conditions; Seller agrees to conduct a public auction sale or to otherwise sell the following described property belonging to owner, trustees, creditors, or secured parties. The auction sale to be conducted at 2074 N. Main Street, Paris, Texas, beginning on the day of March, 1992. PROPERTY TO BE SOLD Inventory with serial numbers to be furnished Seller upon return of this signed contract. Inventory is attached to this contract. Seller agrees to prepare all advertising material and publicity necessary to properly advertise sale and promote the attendance of buyers. Owner shall bear the cost of such publicity and advertising in an amount not to exceed None. Owner agrees to pay Seller for the services rendered by Seller a commission of 10 percent of the total income from'all sales made during the period of this contract whether such sales are made at public auction, by private sale or 'in any other manner. This contract and agreement shall be binding upon the parties for a period of 30 days after the execution thereof. Executed this 9th day of March, 1992. ATTEST: Mattie Cunningham, City C er OWNER By: George Fisher, Mayor SELLER MONTE MOORE, AUCTIONEERS By: Monte Moore Resolution No. 92 -020, authorizing and directing the Mayor of the City of Paris, George Fisher, to execute on behalf of the City of Paris the Quit Claim Deed to Edward R. Jenkins, was presented. A motion was made by Councilman Booth, seconded by Councilwoman Smith for approval of the resolution. The motion carried 7 ayes, 0 nays.