[Lnc-business] Mark Hinkle's motion to buy a building for the LP

[Audgeo at aol.com]

I vote 'aye' on this motion:
 

E-MAIL BALLOT ON REVISED HINKLE MOTION TO  PURCHASE A BUILDING

Moved, that the LNC approve the purchase of an  office in the greater 
Washington, D.C. area, to be named in honor of David  F. Nolan, contingent on the 
following conditions:  
    *   A minimum down  payment of 20% shall be raised from dedicated 
contributions.  If a  portion of that is in the form of pledges, the pledges must 
be converted  to cash before a purchase contract and mortgage agreement are 
 finalized.  
    *   The monthly payment of principal, interest, and OTM (Overhead,  
Taxes, and Maintenance) shall not exceed 75% of our current lease payments  at 
the Watergate complex. 
This motion will  constitute authority to incur a mortgage if the above 
conditions are met and  if this motion passes by the necessary two-thirds vote 
as specified in the  Libertarian Party’s Bylaws. 
The final decision on what property to buy shall be  approved by the LNC's 
Executive Committee by a majority vote once the above  conditions are  met.

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