Re: [s-d] [s-b] Black Corp Motion

[Jay Campbell <bnomic@xxxxxxxxxxxxxxx>]

This could be simplified by changing "Voting Sockholders" to "parties to 
the contract", which can be left at any time; dividends could be paid to 
plain old sockholders without them being a party or voter or participant.

There should be default provisions for when active sockholders cease to 
be players - hold the socks for their return indefinitely, destroy them, 
return them to the corp, auction them and disburse as dividends...


Jamie Dallaire wrote:
> Since "according to this Contract" is quite vague, even dangerous (and
> because j can then hop in), I post the following Motion in Black
> Corporation:
>
> {
> Amend the Articles of Incorporation by replacing, in Paragraph 2, the
> following passage:
> {{
> A Player may become a Voting Sockholder according to this Contract. A Voting
> Sockholder ceases to be a Voting Sockholder if and only if: he ceases to be
> a Player OR he ceases to own a Black Sock.
> }}
> with:
> {{
> A Player who owns at least one Black Sock may become a Voting Sockholder by
> announcement. A Voting Sockholder may cease to be a Voting Sockholder only
> in one of the following manners: he ceases to be a Player OR he ceases to
> own any Black Socks OR by announcement.
> }}
>
> Let's not resolve this before Ty-Guy6's corresponding motion is resolved...
>
> Billy Pilgrim
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