HomeMy WebLinkAboutBILL OF SALE REGARDING PURCHASE OF BUS SHELTERS FROM LAMAR ADVERTISING ($220,000.00) DEMAND PROMISSORY NOTE $110,000.00 BILL OF SALE
STATE OF GEORGIA
COUNTY OF RICHMOND
KNOW ALL MEN BY THESE PRESENTS, that for and in consideration of the
sum of TWO HUNDRED TWENTY THOUSAND AND NO /100 ($220,000.00) DOLLARS
and other valuable consideration - ONE HUNDRED TEN THOUSAND AND NO /100
($110,000.00) to be paid as cash at closing and ONE HUNDRED TEN THOUSAND
AND NO /100 ($110,000.00) to be secured by note due February 28, 2011 to the
undersigned, The Lamar Company, L.L.C., a Louisiana limited liability company
( "Seller "), by Augusta, Georgia ( "Buyer "), the receipt and sufficiency of which is hereby
acknowledged, Seller does hereby grant, bargain, sell and convey unto Buyer, fee
simple ownership of the following described property, free of any liens or any
encumbrances, to -wit:
Any and all property described on the attached Exhibit "A ".
TO HAVE AND TO HOLD the said property unto Buyer, its successors and
assigns forever.
Buyer acknowledges it is purchasing the above - described assets "as is, where
is" without any warranty whatsoever provided by Seller.
IN WITNESS WHEREOF, Seller has hereunto set its hand effective on the
/5 -- day of $
WITNESS: The Lamar Company, L.L.C., Seller
By: Lamar Media Corp., its sole member
By:
Mike Nihill, Vice - President
I hereby certify th. •n this date, before me, Notary Public for the County and State
aforesaid, personally appeared Mike Nihill, to me known to be the person who
executed the foregoing instrument for the purposes therein contained. Witness my hand
and official seal in the County and State aforesaid this *f day of ce ,2010.
Notary Public
My commission expires: a t--11 aO1( .
S \ S A,U) 1,��
e `re of Buyer appears on next page.
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I hereby certify that on this date, before me, Notary Public for the County and State
aforesaid, personally appeared Deke Copenhaver, to me known to be the person who
executed the foregoing instrument for the purposes therein contained. itness my hand
and official seal i the County State aforesaid this Aft) day of / , «, z ,2010.
Notary Public j )o, L an,
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DEMAND PROMISSORY NOTE
$110,000.00
BATON ROUGE, LOUISIANA Note Due Date: February 28, 2011
ON DEMAND for value received, Augusta, Georgia promises to pay to the order
of:
The Lamar Company, L.L.C.
at 5551 Corporate Boulevard, Baton Rouge, Louisiana, or at such other place as the
holder may designate, the sum of ONE HUNDRED TEN THOUSAND AND NO /100
($110,000.00) Dollars.
In the event that this note is not paid within thirty (30) days after its due date and
is placed in the hands of an attorney for collection, or is sued upon, Augusta agrees to
pay an additional twenty -five percent (25 %) of the principal due, but in no event less
than $250.00, as attorney's fees.
The makers, endorsers and sureties hereon severally waive presentment for
payment, demand, protest, or nonpayment and consent to any and all extensions of
payments.
Augusta, Georgia
By:
4 Deke Cope haver, Mayor
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