[s-b] Changes mean Changes

[Tyler <wisety@xxxxxxxxx>]

/* Changes:
- fixed confusion with initial and current Issue Price (changed by
Amendment, not by Adjustment)
- removed Taskmaster Officer. Maintaining Corporation display is done
instead by Chaimberlain.
- changed way members can become members
- changed what happens when members transfer Socks to the Corporation
- changed division of each week's budget to split it among members
*/

I post the following Motion for Black Corporation:
{{
Amend the Black Corporation Articles of Incorporation to read:
"

1. The name of this corporation is Black Corporation. This contract is the
Articles of Incorporation for this Corporation.

2. A Voting Sockholder is a Player who is a member of this contract and who
holds at least one Black sock. Any member of this contract which does not
hold at least one Black sock or is not a Player ceases to be a member of
this contract.

3. Any Voting Sockholder may attempt to amend this contract by posting a
Motion by announcement. The Motion is a Game Document and should specify a
list of Contract Actions. Each Voting Sockholder may cast a single vote FOR,
AGAINST, or ABSTAIN on this contract's Motions. After two full rdays, the
Voting Sockholder who initiated the Motion may resolve that Motion. If a
Motion is not resolved in six full rdays after it is announced it
automatically fails. When a Motion is resolved if the total number of FOR
votes is greater than the number of AGAINST votes the changes described in
the Motion are enacted. If at any time all Voting Sockholders have voted FOR
a Motion, and it has not failed, it is automatically resolved.

4. Any Potential Sockholder may purchase a Black sock owned by the Black
Corporation by paying the Issue Price to the Black Corporation. When a
Potential Sockholder transfers a Black sock to the Black Corporation, the
Chamberlain is not obligated to transfer the Issue Price from the Black
Corporation to the Potential Sockholder. The Issue Price is currently m100.

5. The two Officers of the Black Corporation are the Chamberlain and the
Figurehead. No Player may hold more than one Office within the Black
Corporation simultaneously. The Officers are not authorized to act in behalf
of the Corporation unless this Contract or a Motion arising from it
authorizes or obligates them to. The Voting Sockholders are responsible for
ensuring this corporation fulfills it's obligations by enabling its Officers
to act on behalf of the corporation in a manner specified in this contract.
Officers may resign their Office by announcement.

6. The following are Contract Actions:

- Amendment - A change to the Articles of Incorporation

- Installation - Causing a specific Voting Sockholder to become the holder
of a specific Office in this Corporation

- Issue - Creating a number of Black socks in the possession of this
Corporation

- Deissue - Causing any number of Black socks held by the Corporation to be
destroyed

- Dividend - Causing the Corporation to transfer an equal number of macks to
each member of this Corporation

- Authorization - Enabling and obligating an Officer of this Corporation to
perform a specific act not otherwise specified in this contract on behalf of
this Corporation

7. The Chamberlain is obligated and authorized to fulfill all changes called
for in the Budget (see below), and is responsible for tracking all the Black
Corporation's financial state. The Chamberlain is also responsible for
proposing Budget innovations and novel mackerel-making ventures (though any
member may do so) and seeking authorization from members to carry out the
required actions. The Chamberlain must maintain an up-to-date display of the
Black Corporation's ministerial holdings, delegated duties, and employment
contracts.

8. All members are to ensure the continued success of the Black Corporation
by changing Proposal Colors to Black. The Figurehead is responsible for
Maintaining Maximum Member Morale!

9. The following is the current Budget:

- Company Income for any nweek is defined as the sum of all mackerel gained
by the Black Corporation during that nweek (sources include, but are not
limited to, Proposal Earnings, Ministerial Rewards, and Sock Transactions)
minus the Issue Price multiplied by the number of Black socks transferred to
the Black Corporation during that nweek.

- On nday 1, the Black Corporation must transfer 25% of Company Income for
the previous nweek to the Chamberlain.

- On nday 1, the Black Corporation must evenly dividend the rest of the
Company Income for the previous nweek to the members of this contract. Any
remainder after division will be kept by Black Corporation.

- If, for any reason, the Black Corporation lacks sufficient funds to
execute any of the above transfers, this transfer is to be executed
partially, using up all available mackerel. Transfers listed below this
point are to be disregarded for the current nweek.

- Leftover funds are to be saved for potential future ventures embarked upon
by the Black Corporation following the will of its members.

/* END OF CONTRACT */

"

}}


-- 
 -Tyler
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