6024 EGM

This has just been posted this morning on the 6024 Preservations website - it is planned to hold an Extraordinary General Meeting of the society at Swindon on Saturday 11th September 2010.

 

Thanks. I have printed off the leaflet will now join.

 

Latest Steam Railway are quoting legal costs of £500,000 i hope everybody learns from this.

 

It is frightening how quickly legal costs spiral once that road is embarked upon.

Rail preservation is a big money business and the legal and negotiating skills needed to properly reflect intentions are every bit as important as the spanner wielding engineers

Once egos get in the way of proper personal relationships and compromise, the only destination is disaster.

It is clear that the intention was to share costs and skills between the 6024 Group and Tyseley - I wonder why nobody spotted that the legal bill was far outstripping the actual cost of the time and costs in dispute or had the commonsense to call a halt.

I certainly would not like to be a trustee of the 6024 Group at present, as in Trust law trustees carry full personal responsibility for their decisions - which can - in extremis lead to sequestration of house, savings, etc in full. Their decisions will undoubtedly come under scrutiny and will need to be fully justifiable to avoid such a possibility.

Its the old saying again - "JawJaw is better than War War"

 

Well, as the ordinary members are not liable, let's just hope some of the trustees are well to do, else the only viable option will be to sell the assets, What a mess.

 

Never a truer word spoken Stu, indeed what a mess. The selling of the assets, is there just the one ? but who will buy the loco in the present climate. I hope that it wont be the end of the line for 6024. I just checked my lotto for tonight and no six numbers so I am out of the running this week.

 

6024, support coach, water wagon....

 

Of course I forgot those, not sure of the water carrier as an asset as it appears to have vanished into the background.Here's hoping all turns out well.

 

Sold to the RSLGT - see page 9 of http://www.railwayherald.com/magazine/pdf/RHUK/Issue251.pdf

A new beginning, with much potential. The outcome could have been much worse. I hope lessons will be learnt across the steam fraternity and from now on people will put the locomotives we all love before their own desires/glory/reputations/self interests.

 

RSLGT : "Royal Scot Locomotive & General Trust" , is this an organisation in which Mr Hosking is involved?

Reading the Railway Herald piece, it sounds like a good outcome in the circumstances.

 

I do believe Mr. Hosking is involved with this trust. A very good outcome for 6024 all things considered.

 

So what's actually going on here? Is 6024 up for sale or overhaul or has the trust hit a financial &legal brick wall?

 

Suggest you read the article but to condense it down into a sentence: 6024 has been sold to cover legal costs and forthcoming overhaul.

 

So what were the circumstances that caused the legal matter?

Regards

 

would have read the article, but no link was given.
Well, at least she's already been sold. Much more promising future than with the bailiffs eh?

 

Litigation I think. I'm sure there must be a thread somewhere on here that deals with it greater depth.

 

Took your advice and looked for other threads. There isn't much, but I get the impression that the society took legal action against two members, presumably well heeled members, and lost. Earlier in this thread sympathy was expressed with the 6024 Societies' Trustees. I have none. One of the reasons that trustees of any society can have such dreadfull action taken against them is that it will motivate them to keep that society on the straight and level. Clearly the 6024 Societies' trustees didn't do so and now the society is in deep pooh.

Still, 6024 is in good hands, probably better hands than before.

Regards

 

Hence the expresssion, "Don't shoot the messenger."

 

http://railways.national-preservati...nt-Read-in-Open-Court-Re-Underhill-and-Watson