Hi and welcome to the world of the Saxophone. What you have purchased is doubtless a Conn Director or nicknamed "Shooting Star" (due to the engraving pattern on the bell) horn. This is a later, 1970 model made in either Nogales, AZ, or Mexico (it will be marked accordingly if it is the latter). These are student horns of so-so reputation, and not worth a great deal of money. Unfortunately, you say it is likely in need of a repad and adjustment, which will easily cost more than the horn is worth. Given this condition, you paid about what the horn is worth, maybe a bit less.