Like the idea! Feedback inline
Gaelan
> On Jan 23, 2020, at 8:36 PM, Tanner Swett via agora-discussion
> <agora-discussion@agoranomic.org> wrote:
>
> It's never too late to try to found a company which aspires to take
> over the world.
>
> {
> ## Bylaw 1: Definition
>
> This contract is named "the TCC Corporation". The purpose of the TCC
> Corporation is to earn as much money as possible for its
> shareholders.
>
> Shares of TCC stock (hereinafter "shares") are a currency whose
> purpose is to represent ownership of the TCC Corporation. An entity
> which owns at least one share is known as a shareholder. Any
> shareholder may become a party to the TCC Corporation; a shareholder
> which is a party to the TCC Corporation is known as a member.
>
> If the TCC Corporation or the Lost and Found Department owns any
> shares, then those shares are destroyed.
>
> ## Bylaw 2: Proposals
>
> Any member may, by announcement, submit a Corporate Proposal. A
> Corporate Proposal must have exactly one of the types defined by
> this contract. Thereafter, any shareholder may vote FOR or AGAINST
> that proposal by announcement, or retract such a vote, which causes
> the vote to become null and void. Whenever a shareholder votes, all
> of eir previous votes on the same proposal are implicitly retracted.
>
> If a Corporate Proposal was submitted more than 7 but fewer than 21
> days ago, and the proposal has approval (as defined in other
> bylaws), and the proposal has not been applied, then any member may,
> by announcement, apply the proposal, which has effects as defined in
> other bylaws.
>
> Members SHALL NOT submit, vote for, or apply proposals that are
> egregiously unfair to other shareholders (such as a proposal which
> takes or revokes shares from minority shareholders without just
> compensation).
>
> ## Bylaw 3: Amendment Proposals
>
> An Amendment Proposal is a type of Corporate Proposal. An Amendment
> Proposal has approval if at least one shareholder has voted FOR it,
> and the number of shares owned by shareholders voting FOR it is at
> least 2 times the number of shares owned by shareholders voting
> AGAINST it.
>
> When an Amendment Proposal is applied, the following occur:
>
> * If the proposal states that one or more entities cease to be
> parties to this contract, then that occurs.
>
> * If every member has voted FOR the proposal, then this contract is
> modified as described in the proposal. (Entities which ceased to
> be members in the previous step do not count as members for this
> step.)
Seems cleaner to just automatically drop any non-FOR voters from the contract,
so you don’t have to figure out how everyone’s voting before you submit the
proposal.
>
> * The person who applied the proposal SHALL publish this contract in
> a timely fashion.
Any reason we can’t just make this necessary in the same message for the
application to be EFFECTIVE?
>
> ## Bylaw 4: Ordinary Proposals
>
> An Ordinary Proposal is a type of Corporate Proposal. An Amendment
> Proposal has approval if the number of shares owned by shareholders
> voting FOR it is greater than the number of shares owned by
> shareholders voting AGAINST it.
Copy-paste error: "An Amendment Proposal has approval if…”
>
> When an Ordinary Proposal is applied, assets are created, destroyed,
> and/or transferred as described in the proposal; and entities may
> create, destroy, and/or transfer assets as permitted in the
> proposal. Such permission expires 30 days after the proposal is
> applied.
>
> After an Ordinary Proposal is applied, the person who applied it
> SHALL publish a description of its effects in a timely fashion,
> including all balances which were affected by the proposal.
If the contract winds up dealing in coins or other Ruleset currencies, this’ll
require the applying person to duplicate the Treasuror’s recordkeeping.
Also, do we want a mechanism for reporting uncertain information? Do we want
self-ratification? Is this overkill?
>
> ## Bylaw 5: Bonds and Banknotes
>
> Perpetual TCC bonds (hereinafter "bonds") are a currency. Banknotes
> are a currency.
>
> At the beginning of each Agoran quarter, each entity is awarded a
> number of banknotes equal to the number of bonds that e owns.
>
> If an entity owns a banknote, any member CAN redeem the banknote by
> transferring 1 coin from the TCC Corporation to that entity; the
> banknote is then destroyed. Members should do this upon request by
> non-members.
All caps SHOULD?
>
> ## Bylaw 6: IPO
>
> Within 90 days after this contract is created, any entity may buy a
> share by announcement; in the same message, the entity must transfer
> 10 coins to the TCC Corporation for the sole purpose of buying a
> share. When e does this, e is awarded 1 share.
>
> Within 90 days after this contract is created, any entity who owns
> at least 1 share may sell the share by announcement. When e does
> this, the share is destroyed and e is awarded 5 banknotes.
> }
>
> Of course, "TCC" stands for "the TCC Corporation."
Shouldn’t this be TTC, then? (As a bonus, that means it doesn’t have to share
room in my acronym namespace with the Tacoma Community College.)
>
> —Warrigal
