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The Rules of the Auction

LIVE AUCTION RULES SILENT AUCTION RULES

1. The I ive auction wi II begin at 9:00 p.m. and wi II run 1. The silent auction wi II begin at 7:00 p.m. and wi II con-
unti I approximately 10:30 p.m. It wi II consist of the sist of written bidding on approximately 150 items posted
verbal auctioning of Items No. 1-32 in the order that on bid boards along the walls. The first 8 groups of
they appear in this catalogue. bid board items are I isted in this catalogue. Two ad-
ditional groups wi II be I isted in the addendum, pub I ished
just before the auction.
2. On entering the auction hall, each guest wi II be issued
a bid card with a bid number assigned. This number 2. Each item can be located according to its group num-
is required for all bidding and purchasing of items, so ber, and by the color of its group. Bids will be ac-
please memorize your number and keep your card with cepted on each item until the board closes. The fol-
you. lowing are the closing times:
Group 1 (Orange) Items 101-115 Closes 9:00 p.m.
Group 2 (Green) Items 201-215 Closes 9: 15 p.m.
3. During the auction, if you wish to bid on an item, wave
your porn-porn or bid card as frantically as possible Group 3 (Red) Items 301-315 Closes 9:30 p.m.
Items 401-415
Group 4 (Blue)
to attract the auctioneer's attention. If you win an Closes 9:45 p.m.
item, please announce your bid number to the auctioneer Group 5 (YellowJ Items 501-515 Closes 10:00 p.m.
Items 601-615
Group 6 (Brown)
immediately, but keep your seat. Closes 10: 15 p.m.
Group 7 (Purple) Items 701-715 Closes 10:30 p.m.
Group 8 (White) Items 801-815 Closes 10:45 p.m.
4.A "runner" will bring a sales slip directly to you, Group 9 (Pink) Items 901-915 Closes 11 :00 p.m.
indicating the prize you have purchased and the amount Group 10 (Gold) Items 1001-1015 Closes 11: 15 p.m.
of your winning bid. After signing this slip, you are
free to proceed to the cash tables to pay for your item 3. Al I items in the silent. auction have bid sheets attached
and pick up your prize. If you wish, you may wait or affixed nearby. Persons desiring to bid must do
until the end of theeveningandpayfor all your purchases so by legibly writing their name, bid card number,
at one time at the cash table. and amount of the bid on the bid sheet.
4. Each bid sheet notes a minimum value by which the
5. The Boys' Club requires that all prizes be paid for in existing bid must be increased in order to constitute
full at the auction. Payment may be made by cash, a higher valid bid. Each new bid must be written on
check, BankAmericard or Master Charge. Payment the topmost blank I ine avai I able on the bid sheet.
may be deferred only by special arrangement with
Boys' Club Officials, and a deposit shall be required.
5. The bid boards wi II be closed approximately at the
times stated here in the catalogue. However, the
offi_ci_al closing wi II be that time when the Boys' Club
6.Unless otherwise specified, all auction items and ser- Offrc1al actually removes the bid sheet from the board.
vices must be used within one year from June 14, 1975.
Al I items are transferrable - they may be presented 6. In the event that bidding is sti II in progress when the
by the winner to another person - pending the approval Boys' Club Official attempts to close the board, the
of the donor.
Official shall conduct a I ive auction on the spot al-
lowing all persons present to bid, and shall determine
7. According to the Internal Revenue Service, only the the winning bidder. His decision shall be final.
amount paid for an auction prize "in excess of the
actual cash value of that prize" is tax deductible. A 7. At the time the board is closed, an official shall post
written receipt indicating such an amount, for tax the name and number of the winning bidder on the
purposes, wi II be issued to you after the auction at board. L_ater in the evening, the names of the winning
your request. bidders w111 be announced pub I icly.
8. Al I winning bidders are to report to the cashier's table
8. The Boys' Club guarantees all prizes at the auction. to pay for the items and to claim their prizes. Any
Any bidder whose prize is forfeited through no fault bidder not making arrangements for payment at the
of his own, or who is not completely satisfied that his cashier's table by 12 midnight wi II forfeit his right
purchase has met the description and condition specified to purchase the item and it wi 11 be made available to
at the bidding wi 11 receive a ful I refund. the next highest bidder.

BANKAMERICARD AND MASTER CHARGE ACCEPTED
Both Master Charge and BankAmericard cards wi II be accepted
at the auction for all expenses and purchases, including ad-
mission catalogues, bar and raffle tickets, and for purchasing
all auction prizes. The Boys' Club is indebted to Security -
Pacific National Bank in Old Orchard, and to the Bank of Amer-
ica, Newhall Branch, for providing this special service to us.

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