[wlug_org] Drive Caddy sold (was Re: Hard-Drive for Caddy)

[Michael Dittmer]

I can help setup the account. I used to work for National Bank and know most
of their systems and requirements.

Michael 

-----Original Message-----
From: wlug_org-admin@lists.naos.co.nz
[mailto:wlug_org-admin@lists.naos.co.nz] On Behalf Of Chris Hodgetts
Sent: Friday, July 30, 2004 6:23 PM
To: Wlug Org
Subject: Re: [wlug_org] Drive Caddy sold (was Re: Hard-Drive for Caddy)

As always -- 
People stand up and be counted if they wanna look after anything
(Not Me please - I really dont want to look after the moneyz)

The Masses say yes or not to these people, and untill they give up, or
if someone else really wants to do a hostile take over, they need to get
51% of the masses saying we want a change..

Hostile take overs are a good thing, however any and all changes need to
be decided by 51% of the wellylug membership.


On Fri, 2004-07-30 at 17:36, Wood Brent wrote:
> On Fri, 2004-07-30 at 11:13, Ewen McNeill wrote:
> 
> > There is, however a risk once money starts floating around of wellylug
> > being seen (legally) as effectively a partnership doing business (which
> > means all members are equally liable).  So if we're going to build up a
> > war chest of money, etc then some more formality might be in order.
> 
> Shock horror, I thought this is the sort of suggestion that has been so
> negatively regarded in the past, in fact it is why our committee (or some
of
> it) actively refuses to accept the label. (IMHO, however, if it quacks,
....)
> 
> 
> We seem to be running into situations where various members suggest
formality
> as a solution. So far we have pretty muvch managed without, at least as
far as
> rules setting up & constraining a committee are concerned.
> 
> As the membership has regularly demonstrated an aversion to formality, I
> suggest we look for informal solutions where possible.
> 
> A simple, semi formal way to deal with $$ in such a situation requires one
or
> more trusted cabal members to open a bank account. It can be called
Wellylug
> rainy day account or whatever, the name is not necessarily a legal tie to
> Wellylug or it's "members". The group trusts these to be responsible with
their
> access to the $$ (much as if they were, for example, the treasurer &
secretary
> on the committee of a club, just that there is no documemtation (rules)
setting
> them up as legal representatives of the club, or the $$ as assets of the
group)
> 
> The members can agree to trust these persons to hold & manage the $$ until
> approved expenditures are needed. How formal you wanna get about approval,
etc,
> is up to the group. The well established desire for informality does make
trust
> rather than rules the main governance of Wellylug. So far the membership,
> AFAIK, seems to be comfortable with trust. This may change when $$ get
> involved, I dunno....
> 
> 
> Brent
> 


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