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<br /> . <br /> Lj5F <br /> -7- <br />5.10 All services provided pursuant to this Agreement are for the <br />exclusive use and benefit of CITY. <br />5.11 In performing this Agreement, AUCTIONEER, its contractors, <br />subcontractors, successors and assigns, shall comply with all local, <br />State and Federal laws. <br />5.12 The CITY and the AUCTIONEER, respectively, bind themselves, their <br />" partners, successors, assigns and legal representatives to the other <br />party to this Agreement and to the partners, successors, assigns and <br />legal representatives of such other party with respect to all covenants <br />of this Agreement. Neither the CITY nor the AUCTIONEER shall assign, <br />sublet or transfer any interest in this Agreement without the written <br />consent of the other. <br />5.13 This Agreement represents the entire and integrated agreement <br />between the CITY and the AUCTIONEER and supersedes all prior <br />negotiations, representations or agreements, either written or oral. <br />This Agreement may be amended only by written instrument signed by both <br />CITY and AUCTIONEER. <br />5.14 Nothing in this Agreement shall be construed to give any rights <br />or benefits to anyone other than CITY and AUCTIONEER. <br /> ART I CLE 6 . <br /> COMPENSATION <br />6.1 AUCTIONEER will deliver a cashier's check to the CITY for the <br />total gross proceeds no later than the second bank day after "each <br />auction and will present an invoice for AUCTIONEER's commission within <br />five (5) days of the auction. <br />6.2 The CITY will compensate AUCTIONEER 12-1/2% of the gross proceeds <br />of each auction' within thirty days from the date the invoice is <br />submitted to the CITY for payment. <br />CITY: AUCTIONEER: <br /> . <br />CITY OF SAN MARCOS, TEXAS L~ ~CTI=EE~INC. <br /> J...;J /!.IM <br />By: 1/- / By' lL~r, fA~ <br /> Larry D. <-Gilley, E;.ity Manager (Signat re) <br /> ~aTl/l/J.1 (. tSu ys ¿ s ~ <br /> (Printed ór typed name) <br /> 0.£.0, <br /> (Title) <br />Attest, 4~~ Attest: <br />=rr~1 Tr~ <br /> tV LVvflÆAtff <br />