APBA ByLaws approved/ Election Ordered
 

Dear Officers and Board Members:

Good News! The following order was signed by the Judge today.

Gloria


At a Motion Term of the Supreme Court Held in and for the County of Erie, State of New York on the ____ day of November, 2003.

Presiding: Hon. Joseph G. Makowski
Supreme Court Justice

STATE OF NEW YORK

SUPREME COURT: COUNTY OF ERIE

In the Matter of the Application of

CHARLES STRANG, SIEGFRIED BOETTLE, MARK WHEELER, FRED HAUENSTEIN, JR., J. DONALD ALLEN, SR., ERNEST DAWE, MICHAEL WIENANDT, ROBIN SHANE, HOWARD ANDERSON, JR. AND EDWARD HEARN,


Index No. 12003/5285

Petitioners,


v.

MICHAEL ALL WEISS, GARY GARBRECHT, MICHAEL JONES, RICHARD SANDSTROM, GREG JACOBSEN AND BILL SEEBOLD,

Respondents.


ORDER

Petitioners have requested an order of this Court approving the revised by-laws of the American Power Boat Association (“APBA”) and directing that the APBA’s interim Board of Directors conduct, as soon as practicable, an election for the Board of Directors. The Special Master appointed by the Court, Kenneth Manning, Esq., has reviewed the proposed by-laws. The interim Board of Directors has reviewed and considered these by-laws, and approved them by a vote on October 30, 2003. The Special Master also has noted that an election for the directors of the APBA should be held at the earliest practical time.

The Court has given due consideration to the proposed by-laws, to the recommendations of the Special Master, and to the record in this matter, and it appearing that this Court’s prompt approval of these by-laws will be in the best interests of the APBA and its membership it is hereby

ORDERED, that the proposed by-laws of the APBA and are approved; and it is further

ORDERED, that the interim Board of Directors is directed to conduct an election for the Board of Directors of the APBA, in conformity with these by-laws and New York law; and it is further

ORDERED, that the interim Board of Directors shall promulgate these by-laws to the membership of the APBA, by at a minimum announcing that new by-laws have been approved and making copies of these by-laws available to members of the APBA by request.

Granted: Buffalo, New York
November ____, 2003

_________________________________

Hon. Joseph G. Makowski, J.S.C.

1. Great....now translate please.

2. Did APBA Detroit sign a new contract with the LLC.....OR...with another group called ORL? If so would the bankruptcy of LLC terminate the agreement?

T2x

[QUOTE]Originally posted by T2x
[B]1. Great....now translate please.


I second the question:drool:

Detroit signed a brand new license with a new company called KHAMAN Holdings, Inc., a group composed mostly of the original LLC shareholders, but excluding Mr. Mills.

As to the second question, the answer is no, but the LLC is not declaring bankruptcy.

Thanks for asking though Rich.

Mike A.

Nice jab Rich and Mike counters with the truth. BH

Orville Redenbacher for APBA Offshore primary sponsor!

Okay so an LLC bankruptcy...(which isn't going to happen)....would not interrupt most of the current LLC's members' new 5 year strangle hold on APBA Detroit's testes.....

And a new company....has the contract with APBA Detroit.

This is one of those things that on the surface makes no sense......

But heaven help the guy who questions it....

so I won't.....


T2x....... wondering who was asleep at Detroit's switch this time

Thanks Brian...I try

Must have had a little impact....it got the first response from MA in weeks.

T2x........... Agreeing that Mike responded truthfully...at least for now.