Nhra and the cash cow

Larry Hill · 04-16-2009, 06:40 AM

Jack after working all day, then working on the car, it does not leave a lot of time for my two fingers to bang on the keys.

Gardner did make his payment in 1993, the part that bothers me is the "Non-Interest Bearing" loan. I wonder how much of NHRA assets are avable to us just in case we need a loan due to "Cash Flow And Liqudity"

X-TECH MAN · 04-16-2009, 07:44 AM

You will NEVER get any "UNITY" either. Just reading this forum will tell you that.

Keith Lynch · 04-16-2009, 08:00 AM

I'm sure NHRA would not like to see me on the witness stand.LOL

Glenn Person · 04-16-2009, 08:49 AM

Quote:

Originally Posted by Keith Lynch

I'm sure NHRA would not like to see me on the witness stand.LOL

Keith, are you insinuating that you have a juicy story or two to share with us?

Larry Hill · 04-16-2009, 12:02 PM

Bo; Do you think we could get Jeff's old friend Paul to help?

Jim Woods · 04-16-2009, 02:59 PM

Bo, you have a pm

Bruce Noland · 04-16-2009, 04:30 PM

Bo,

There a few people exploring the possiblity of a class action suit against nhra because of the new cars that Taylor and others allowed into Stock and Super Stock. I am not part of this legal activity and hope to be long gone before they get to court. You may see at least one law suit. Also, I have been told that nhra is vulnerable to legal attacks from different directions. Some of the legal actions can be brought by the Feds without any cost to the racers. nhra has been dumping on the racers and it looks like some of the racers are prepared to return the favor. I'll be on the flats!

Larry Hill · 04-17-2009, 11:23 PM

By - Laws Of National Hot Rod Association
A California Corporation
Artical 1
Membership
The Membership of this corporation shall be devided into Active , Associate and Honoary members. the dues to be, paid by an Active Member shall be $2.00 a year, payable in advance. The Board of Directors shall the right to refuse membership to any applicant, but unless so refused, all applicants for Active Membership shall become members upon the receipt by the corporation of the annual dues and whatever information concering the applicant the Board of Directors may from time to time require. The Board of Directors shall, from year to year, have the right to change the requirements for membership. All persons who become members of this association during the first year of its existence shall be deemed to be Charter Members thereof
The Associate and Honorary Members of the corporation shall be elected by a majority vote of the Board of Directors and shall serve until removed as such member by a majority vote of said Directors.

Article II Principal Office
The principle office for the transaction of the business of the corporation is hereby fixed at 1015 souith La Ciienega Boulevard, Los Angeles, Californa. The Board of Directors is hereby granted full power and authority to change such principal office fron one location to another in the county of Los Angeles.

Article III Meetings
Place of Meetings: Any and all meetings of the members may be held at any place in the County of Los Angles, the exact place of each meeting of the members to be fixed by a resolution adopted by the Board of Directors. The meetings of the Board of Directors shall be held at 1015 South La Cienega Boulevard, Los Angles, California, or any other place in the County of Los Angles that may be designated by the President.
Notice of Meetings: The annual meeting or any special meeting of the members shall be held at a time and place to be fixed by the Board of Directors. One of the purposes of the annual meeting shall be the election of a Board of Directors. Notice of all meetings of the members shall be mailed to each member at least five days prior to the date fixed for such meeting.
There shall be no regular meetings of the Board of Directors. Special meetings may be called at any time by the President, or if he is absent, or unable, or refuses to act, by the Vice President, or, if he is absent, or unable, or refuses to act, by any Director. Notice of said meetings shall be given to each Director in the form and manner as tjhe person calling the meeting in his discresion shall deem sufficient but action taken at such meeting shall not be invalidated for want of notice if such notice shall be waved.
Notice of the time, place and purpose of any meeting of the members or of the Board of Directors may be waved in writing either before or after such meeting has been held. All such waivers shall be filed with the corporate records as a part of the minutes of the meeting.

More Later

04-16-2009, 06:40 AM	#1
Larry Hill Live Reporter Join Date: Oct 2004 Location: Hickory, Ky Posts: 10,629 Likes: 1,919 Liked 10,681 Times in 2,222 Posts	Re: Nhra and the cash cow Jack after working all day, then working on the car, it does not leave a lot of time for my two fingers to bang on the keys. Gardner did make his payment in 1993, the part that bothers me is the "Non-Interest Bearing" loan. I wonder how much of NHRA assets are avable to us just in case we need a loan due to "Cash Flow And Liqudity" __________________ IHM Used Parts https://ihmusedparts.com 888-821-1817 Last edited by Larry Hill; 04-16-2009 at 06:54 AM. Reason: Just can't spell

04-16-2009, 07:44 AM	#2
X-TECH MAN Banned Join Date: Dec 2007 Location: Lake Placid, Florida Posts: 3,203 Likes: 1,047 Liked 235 Times in 110 Posts	Re: Nhra and the cash cow You will NEVER get any "UNITY" either. Just reading this forum will tell you that.

04-16-2009, 08:00 AM	#3
Keith Lynch Junior Member Join Date: Mar 2006 Location: ohio Posts: 43 Likes: 0 Liked 0 Times in 0 Posts	Re: Nhra and the cash cow I'm sure NHRA would not like to see me on the witness stand.LOL __________________ Keith Lynch 5035 STK

04-16-2009, 12:02 PM	#5
Larry Hill Live Reporter Join Date: Oct 2004 Location: Hickory, Ky Posts: 10,629 Likes: 1,919 Liked 10,681 Times in 2,222 Posts	Re: Nhra and the cash cow Bo; Do you think we could get Jeff's old friend Paul to help? __________________ IHM Used Parts https://ihmusedparts.com 888-821-1817

04-16-2009, 02:59 PM	#6
Jim Woods Senior Member Join Date: Aug 2006 Location: celina, ohio Posts: 623 Likes: 4 Liked 12 Times in 7 Posts	Re: Nhra and the cash cow Bo, you have a pm __________________ Jim Woods

04-16-2009, 04:30 PM	#7
Bruce Noland VIP Member Join Date: Jun 2002 Posts: 1,855 Likes: 83 Liked 444 Times in 145 Posts	Re: Nhra and the cash cow Bo, There a few people exploring the possiblity of a class action suit against nhra because of the new cars that Taylor and others allowed into Stock and Super Stock. I am not part of this legal activity and hope to be long gone before they get to court. You may see at least one law suit. Also, I have been told that nhra is vulnerable to legal attacks from different directions. Some of the legal actions can be brought by the Feds without any cost to the racers. nhra has been dumping on the racers and it looks like some of the racers are prepared to return the favor. I'll be on the flats! __________________ Bruce Noland 1788 STK

04-17-2009, 11:23 PM	#8
Larry Hill Live Reporter Join Date: Oct 2004 Location: Hickory, Ky Posts: 10,629 Likes: 1,919 Liked 10,681 Times in 2,222 Posts	Re: Nhra and the cash cow By - Laws Of National Hot Rod Association A California Corporation Artical 1 Membership The Membership of this corporation shall be devided into Active , Associate and Honoary members. the dues to be, paid by an Active Member shall be $2.00 a year, payable in advance. The Board of Directors shall the right to refuse membership to any applicant, but unless so refused, all applicants for Active Membership shall become members upon the receipt by the corporation of the annual dues and whatever information concering the applicant the Board of Directors may from time to time require. The Board of Directors shall, from year to year, have the right to change the requirements for membership. All persons who become members of this association during the first year of its existence shall be deemed to be Charter Members thereof The Associate and Honorary Members of the corporation shall be elected by a majority vote of the Board of Directors and shall serve until removed as such member by a majority vote of said Directors. Article II Principal Office The principle office for the transaction of the business of the corporation is hereby fixed at 1015 souith La Ciienega Boulevard, Los Angeles, Californa. The Board of Directors is hereby granted full power and authority to change such principal office fron one location to another in the county of Los Angeles. Article III Meetings Place of Meetings: Any and all meetings of the members may be held at any place in the County of Los Angles, the exact place of each meeting of the members to be fixed by a resolution adopted by the Board of Directors. The meetings of the Board of Directors shall be held at 1015 South La Cienega Boulevard, Los Angles, California, or any other place in the County of Los Angles that may be designated by the President. Notice of Meetings: The annual meeting or any special meeting of the members shall be held at a time and place to be fixed by the Board of Directors. One of the purposes of the annual meeting shall be the election of a Board of Directors. Notice of all meetings of the members shall be mailed to each member at least five days prior to the date fixed for such meeting. There shall be no regular meetings of the Board of Directors. Special meetings may be called at any time by the President, or if he is absent, or unable, or refuses to act, by the Vice President, or, if he is absent, or unable, or refuses to act, by any Director. Notice of said meetings shall be given to each Director in the form and manner as tjhe person calling the meeting in his discresion shall deem sufficient but action taken at such meeting shall not be invalidated for want of notice if such notice shall be waved. Notice of the time, place and purpose of any meeting of the members or of the Board of Directors may be waved in writing either before or after such meeting has been held. All such waivers shall be filed with the corporate records as a part of the minutes of the meeting. More Later __________________ IHM Used Parts https://ihmusedparts.com 888-821-1817