Lot: 737 - MURRY BIKE #180 This item has been seized by the Irving Police Department. All items are in UNKNOWN WORKING CONDITION unless otherwise stated. All items are sold AS IS, WHERE IS with NO WARRANTIES implied or expressed.Item preview is highly recommended and bidding without previewing is discouraged. Item Location: Lone Star Warehouse, 5001 Northeast Parkway, Fort Worth, Texas 76106 Item Preview: August 23, 2012 from 9:00am - 12:00 noon. IMPORTANT NOTICE: City of Irving Ordinance 3488 prohibits any City employee or member of their family from submitting a bid either directly or indirectly for any item. Additional Fees: A 8% buyers premium will be collected at settlement from ALL winning bidders. Acceptance of Terms: All persons participating in the on-line bidding agree to and accept these terms and conditions unequivocally and without exception. All items are sold AS IS, WHERE IS with NO warranties implied or expressed. No allowance, refund or set aside will be made on account of any incorrectness, error in cataloging, imperfection, defect or damage. Any descriptions or representations are for identification purposes only and are not to be construed as a warranty of any type. It is the responsibility of the Buyer to have inspected thoroughly the items and to have satisfied himself or herself as to its condition and value and to bid based upon that judgment solely. Any discrepancy with any item description must be dealt directly with the SELLER listed above and not Lone Star Auctioneers employees. All participants hereby agree and accept that neither Lone Star Auctioneers, Inc. nor LoneStarOnline.com will be held responsible for any errors in descriptions or any failure to execute a bid on behalf of any participant(s) for any reason whatsoever. By submitting winning bid(s) on this auction, I acknowledge and accept without recourse that I have purchased the above items at public auction "as, where is" without warranty or guarantee of any kind. I will not stop payment, dispute or otherwise contest this transaction. Payment Terms: Payment must be made in full at Lone Star Auctioneers' Fort Worth office absolutely no later than 5:00 pm CST, August 31, 2012 (closing August 28, 2012) by Bank issued Cashier's Check or Postal Money Order made payable to Lone Star Auctioneers, Inc. We will also accept cash payments at our Fort Worth office Monday - Friday from 8:00am - 5:00 pm. Please bring exact change if paying by cash. Also be sure to bring printed copy of your invoice and your Driver's License if dropping off payment. Mail or deliver payment to: Lone Star Auctioneers, Inc., 4629 Mark IV Parkway, Fort Worth, TX 76106-2295. (Please do not send cash in the mail). Winning bidders will receive an emailed invoice APPROXIMATELY 1 hour after the last lot from that auction closes. Please pay from that invoice. If you do not receive an invoice within 24 hours, please contact our office immediately to verify that your email address is correct in the system. Email: OnlineService@LoneStarAuctioneers.com or Phone: 817-740-9400. No Pay, No Return! Important Notice: If you are using an email service provider that has a built-in spam blocker (AOL, Yahoo, Hotmail, Gmail, Earthlink, AT&T, SBCGlobal, etc... MOST include this service now-a-days), please make sure you approve emails from both LoneStarOnline.com and LoneStarAuctioneers.com. Otherwise, invoices, out bid notifications and paid receipts may be automatically blocked or put into a deleted / junk / spam folder. It is the bidder's responsibility to contact us regarding their invoice total if it is not received within a 24 hour period. To verify if you are the winning bidder on a lot, log into the MY ACCOUNT section at the top of LoneStarOnline.com, click the link that says VIEW YOUR BIDDING HISTORY, then click the "+" (plus sign) under ITEMS IVE WON. It will expand a table that displays all the items you have won in the last 30 or 60 day period. Additional Fees: A 8% buyers premium will be collected at settlement from ALL winning bidders. Sales Tax: Texas State Sales tax of 8.25% will be collected from ALL buyers taking possession of their purchases in the State of Texas with the exception of vehicles and equipment where titles are available. As required in rule changes in T.A.C., Title 34, Part 1, Chapter 3, Subchapter O, Rule 3.320 the following surcharges must be collected per tax code. Effective with those bids open after July 1, 2003 and the auctions held after that date, surcharge of 2% on the purchase of off-road, heavy duty, diesel construction equipment. New Tax Exemption Requirements as of 01/01/12: Texas House Bill 268, passed during the 82nd Regular Legislative Session (2011), requires that a person claiming an exemption from sales tax on the purchase of certain items used in the production of agricultural and timber products must provide a registration number issued by the Comptroller of Public Accounts on the exemption certificate issued to the seller. For more information, please visit Texas Taxes for Agriculture and Timber Industries. All buyers who wish to claim TAX EXEMPT (farm use or non-profit) or RESALE to have taxes legally removed from their invoice MUST (1) PROVIDE A COPY of your RESALE TAX CERTIFICATE for Lone Star's records the first time you make the claim and (2) completely FILL OUT THE RESALE TAX CERTIFICATE PORTION at the bottom of EVERY INVOICE. No paid receipts will be issued unless the required information is received at the time of payment. NO EXCEPTIONS! Removal: Tuesdays & Thursdays between 9:00am - 12:00 noon BY APPOINTMENT ONLY. Please contact Gene or Chanse and Lone Star Auctioneers' office at 817-740-9400 to schedule a removal appointment. DO NOT SHOW UP WITHOUT AN APPOINTMENT OR YOU MAY NOT BE ABLE TO PICKUP. If property is not removed by September 6, 2012, buyer will forfeit items won and monies paid with no recourse. There will be NO ASSISTANCE or PACKING / SHIPPING SERVICES available from City of Irving or Lone Star employees for removal and transportation of items won. Removal is the winning bidders’ responsibility. No Exceptions! Failure to remove property in accordance with the terms will result in account deactivation for both live and online auctions. Please present a copy of your paid receipt and a valid Government issued picture ID when picking up all items. Written authorization must be provided to Lone Star Auctioneers allowing a person other than the buyer named on the paid receipt to pick up items. Anti Sniping / Dynamic Closing: Each auction item is scheduled to end at a specific time. However, all LoneStarOnline auctions use an AUTO EXTEND / DYNAMIC CLOSING feature. Thus, bidding will remain open on any item that receives a bid within the last 5 minutes prior to the scheduled closing time. Time extensions are added in 5 minute intervals to the original auction closing time and to each extension’s closing time when a bid is placed. For example: if an item is scheduled to close at 10:00am, and a bid is placed between 9:55am to 10:00am, the closing time will be extended by 5 minutes until 10:05am. If a bid is placed within that 5 minute interval, then bidding the closing time will extend until 10:10am, etc… Once a 5 minute extension interval has passed without any bids, the auction for the item will close, and the lot will show as COMPLETED in red letters. This means that bids are no longer accepted, and the username showing is the winning bidder. To make sure you see all other bids placed, click the “Refresh” button on your web browser frequently before that item closes and during any extension periods. Your screen may not “auto-refresh,” and you may not see bids placed after yours if you don’t manually refresh. All images and text represented on this website are © copyright Lone Star Auctioneers, Inc. and may not be used without permission.
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