Two versions of this proposal are offered. The first is the form to be
submitted and the second is a git diff.
{
Replace in the rule “Assets”, the line:
“restricted to Agora, persons, and organizations."
with:
"restricted to Agora, persons, organizations, and Agoran Institutions.”
Create a rule, called “Banking”, with the following text:
"A Bank is an Agoran Institution. A Bank shall have a charter, a length, and a
banker. The Central Bank of Agora is the bank who is responsible for the
conduct of business and issuance of bonds on behalf of Agora. If at any time,
a Central Bank of Agora is not declared, then the Secretary CAN and SHALL
declare a bank to be the Central Bank of Agora.
A Bank shall be able to issue a currency and issue bonds. The charter of a
bank shall establish the method by which a bond or currency can be issued.
Any player CAN create a Bank without objection by specifying its charter, its
length and recommending a banker. The Secretary CAN create a bank with Agoran
Consent by specifying its charter, its length and appointing a banker. The
charter of a bank SHALL state its purpose, and its governance structure. If at
any time, a Bank lacks a Banker, the Secretary CAN and SHALL appoint a Banker
in accordanence with the charter of the Bank."
Amend “Economics” by replacing the full text with:
"Shinies (sg. shiny) are an indestructible liquid currency, and the official
currency of Agora. They may be owned by Agora, any player, any organization,
or any Agoran Institution. The Secretary is the recordkeepor for Shinies.
Bonds are a type of asset. Bonds CAN be converted according to their issuance
document. Rules to the contrary notwithstanding, bonds may only be issued by
a bank. The Banker of the issuing bank is the recordkeepor for Bonds.
The Secretary CAN cause Agora to pay any player, organization, or Agoran
Institution by announcement if doing so is specified by a rule."
Add to the end of list of Executive Orders in “Executive Orders”:
- Kickbacks (Secretary): The Prime Minister issues a bond from
the Central Bank of a class or series previously issued for
an amount less than or equal to 50 shinies and specifies a
class of purchasers.
Create a rule, “The First Bank of Agora”, with the below text:
The First Bank of Agora shall be a Bank. The banker of The First Bank of Agora
shall be the Secretary. This rule shall be the charter of The First Bank of
Agora. The First Bank of Agora shall have a term of nine months, which shall
be automatically renewed for succeeding intervals of nine months, if The
Second Bank of Agora has not been founded.
The First Bank of Agora shall have administration over the balance of Agora
in excess of 50 shinies. The First Bank of Agora shall be led by the Board
of Overseers. Their shall be two overseers elected once every two months in
alternating months. The Banker of The First Bank of Agora shall also serve
on the board ex officio. The Board of Overseers shall have authorization to
when Agora has a balance of less than 50 shinies issue bonds, with a total
value of up to 100 shinies. The terms of these bonds shall be determined by
the Board of Overseers. The Board of Overseers SHALL NOT issue any bond with a
with terms precluding their sale on the open market or with any provision
allowing the conversion of the bond to currency before the passage of two
weeks after sale. The Board of Overseers shall also be allowed to offer
consumer banking services, such as money holdings, check clearance, the
keeping of a ledger for fractional shiny banking, escrow, and any other
banking service not costing The First Bank of Agora more than 25 shinies in
capital to initiate or operate. The Board of Overseers shall, when Agora has
in excess of 250 shinies, be allowed to issue loans with a total value not in
excess of 100 shinies. The Board of Overseers MAY sell or purchase loans or
bonds from other Banks without 2 objections. All holdings, bonds, or loans
held or issued are backed and insured by the full sovereignty of Agora.
}
diff --git a/rules/Assets b/rules/Assets
index 68163f6..c647447 100644
--- a/rules/Assets
+++ b/rules/Assets
@@ -41,7 +41,7 @@ text: |
modification by its backing document.
Unless modified by an asset's backing document, ownership of an asset is
- restricted to Agora, persons, and organizations.
+ restricted to Agora, persons, organizations, and Agoran Instiutions.
An organization's charter CAN specify whether or not that organization is
willing receive assets or a class of assets. Generally, an organization
CANNOT
diff --git a/rules/Banking b/rules/Banking
new file mode 100644
index 0000000..7cdd5ef
--- /dev/null
+++ b/rules/Banking
@@ -0,0 +1,24 @@
+---
+name: Banking
+history:
+
+text: |
+ A Bank is an Agoran Institution. A Bank shall have a charter, a length, and a
+ banker. The Central Bank of Agora is the bank who is responsible for the
+ conduct of business and issuance of bonds on behalf of Agora. If at any time,
+ a Central Bank of Agora is not declared, then the Secretary CAN and SHALL
+ declare a bank to be the Central Bank of Agora.
+
+ A Bank shall be able to issue a currency and issue bonds. The charter of a
+ bank shall establish the method by which a bond or currency can be issued.
+
+ Any player CAN create a Bank without objection by specifying its charter, its
+ length and recommending a banker. The Secretary CAN create a bank with Agoran
+ Consent by specifying its charter, its length and appointing a banker. The
+ charter of a bank SHALL state its purpose, and its governance structure. If
at
+ any time, a Bank lacks a Banker, the Secretary CAN and SHALL appoint a Banker
+ in accordanence with the charter of the Bank.
+id: ???
+rev: 1
+power: 2
+annotations: []
diff --git a/rules/Economics b/rules/Economics
index d7712cd..d587ad8 100644
--- a/rules/Economics
+++ b/rules/Economics
@@ -7,11 +7,15 @@ history:
- Amended(3) by Proposal 7864 (Aris, G., o, nichdel, Publius Scribonius
Scholasticus), 27 June 2017
text: |
Shinies (sg. shiny) are an indestructible liquid currency, and the official
- currency of Agora. They may be owned by Agora, any player, or any
- organization. The Secretary is the recordkeepor for Shinies.
+ currency of Agora. They may be owned by Agora, any player, any organization,
+ or any Agoran Institution. The Secretary is the recordkeepor for Shinies.
- The Secretary CAN cause Agora to pay any player or organization by
- announcement if doing so is specified by a rule.
+ Bonds are a type of asset. Bonds CAN be converted according to their issuance
+ document. Rules to the contrary notwithstanding, bonds may only be issued by
+ a bank. The Banker of the issuing bank is the recordkeepor for Bonds.
+
+ The Secretary CAN cause Agora to pay any player, organization, or Agoran
+ Institution by announcement if doing so is specified by a rule.
id: 2483
rev: 3
power: 2
diff --git a/rules/Executive Orders b/rules/Executive Orders
index 588649a..3fb0c03 100644
--- a/rules/Executive Orders
+++ b/rules/Executive Orders
@@ -29,6 +29,11 @@ text: |
- Manifesto (Promotor): The Prime Minister distributes a
specified proposal in the Proposal Pool.
+
+ - Kickbacks (Secretary): The Prime Minister issues a bond from
+ the Central Bank of a class or series previously issued for
+ an amount less than or equal to 50 shinies and specifies a
+ class of purchasers.
id: 2451
rev: 3
power: 1.7
diff --git a/rules/First Bank of Agora b/rules/First Bank of Agora
new file mode 100644
index 0000000..208e26b
--- /dev/null
+++ b/rules/First Bank of Agora
@@ -0,0 +1,33 @@
+name: First Bank of Agora
+history:
+
+text: |
+ The First Bank of Agora shall be a Bank. The banker of The First Bank of
Agora
+ shall be the Secretary. This rule shall be the charter of The First Bank of
+ Agora. The First Bank of Agora shall have a term of nine months, which shall
+ be automatically renewed for succeeding intervals of nine months, if The
+ Second Bank of Agora has not been founded.
+
+ The First Bank of Agora shall have administration over the balance of Agora
+ in excess of 50 shinies. The First Bank of Agora shall be led by the Board
+ of Overseers. Their shall be two overseers elected once every two months in
+ alternating months. The Banker of The First Bank of Agora shall also serve
+ on the board ex officio. The Board of Overseers shall have authorization to
+ when Agora has a balance of less than 50 shinies issue bonds, with a total
+ value of up to 100 shinies. The terms of these bonds shall be determined by
+ the Board of Overseers. The Board of Overseers SHALL NOT issue any bond with
a
+ with terms precluding their sale on the open market or with any provision
+ allowing the conversion of the bond to currency before the passage of two
+ weeks after sale. The Board of Overseers shall also be allowed to offer
+ consumer banking services, such as money holdings, check clearance, the
+ keeping of a ledger for fractional shiny banking, escrow, and any other
+ banking service not costing The First Bank of Agora more than 25 shinies in
+ capital to initiate or operate. The Board of Overseers shall, when Agora has
+ in excess of 250 shinies, be allowed to issue loans with a total value not in
+ excess of 100 shinies. The Board of Overseers MAY sell or purchase loans or
+ bonds from other Banks without 2 objections. All holdings, bonds, or loans
+ held or issued are backed and insured by the full sovereignty of Agora.
+id: ???
+rev: 1
+power: 1
+annotations: []
----
Publius Scribonius Scholasticus
p.scribonius.scholasti...@gmail.com
signature.asc
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