Reading 900 wrote:I'm a 470 club member, and pleased with the realistic restoration to service of 4268, on a railroad that will lease it and use it. It's up to 470 who own the engines and rolling stock, to do with them as needed to take care of them. Steamer, your obsession with 501 is amazing, as every other post seems to be from you, battling against any positive comment for the 470 club. Same as 2 years ago when you were doing the same against CSRR. 519 sits at Steamtown and may be available, go buy it and enjoy it. It is only members business how 470 spends money. If a member you have the same opportunity I have to make comments to the officers. If you are not a member then you need to become one.Thank you for your response. While it is certainly up to the trustees of 470 to make business decisions, I might argue that if a gift is restricted, for a certain purpose, you have to use it for that. And I would guess it's up to the members to elect those trustees. I agree it is up to those members how to spend those funds provided they comply with the proper laws governing gifts, as I've noticed.
I have really gotten disgusted with the constant hijacking of the thread to the 501, all the time. When you own your own railroad I promise not to tell you what to do with your equipment.
I'm logging off and probably won't return to this thread.
Neils is 90 years old and still editing the newsletter. I think he should be applauded for continueing to do it.
Disclosure: I am not a lawyer, don't play one on TV, and have not stayed at a Holiday Inn Express in recent memory. These are just my surmises.
Is 470 a not for profit soliciting donations? If those donations are "restricted" have they been used for that purpose? I am not a stakeholder in these discussions, as I'm not a member and have not donated, whether restricted or not, so you don't have to answer to me by any stretch.
I disagreed with a lot of Steamers comments on CSRX. They are a for-profit entity, and can make whatever business decisions they want, notwithstanding Steamers arguments about safety, which are a matter of public record. However, a not-for-profit has many more public obligations for reporting, particularly if they solicit donations. If it's just a club or association, and they only solicit from members, that's one thing. If they solicit from the public, it's another. E.g. I can investigate the United Way, but the local homeowner's association? Not so much.
If you want to rebut Steamer, please do so. Again, I have no horse in this race. But as an organization which has accepted donations for specific purposes, if you want to put the matter to rest, I suggest you respond, and that will put it all to rest.
Next stop, Willoughby
~el Jefe :: RAILROAD.NET Site Administrator/Co-Owner; Carman at Naugatuck Railroad
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~el Jefe :: RAILROAD.NET Site Administrator/Co-Owner; Carman at Naugatuck Railroad
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