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## Bylaw 1: Definition
This contract is named "the Dragon Corporation". The purpose of the
Dragon Corporation is to earn as much money as possible for its
shareholders.
All other provisions of this contract notwithstanding, this contract
does not permit any entity to act on behalf of any other entity. This
contract cannot be amended to remove this paragraph or to add any
provision which contradicts this paragraph.
Shares of Dragon stock (also known as "shares of DRGN", or, in this
contract, "shares") are a currency whose purpose is to represent
ownership of the Dragon Corporation. An entity which owns at least one
share is known as a shareholder.
If, at any time, the Dragon Corporation or the Lost and Found Department
owns any shares, then those shares are destroyed.
Any person CAN, by announcement, become a party to this contract or
cease to be a party to this contract.
Wherever this contract states that an entity becomes a party to this
contract or ceases to be a party to this contract, all parties to this
contract are considered to consent to this change.
## Bylaw 2: Proposals
Any member CAN, by announcement, submit a Corporate Proposal. A
Corporate Proposal must have exactly one of the types defined by this
contract. Thereafter, any shareholder CAN 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 who have voted FOR it is at
least 2 times the number of shares owned by shareholders who have voted
AGAINST it.
When an Amendment Proposal is applied, the following occur:
1. Each party to this contract who has not consented to the application
of the proposal ceases to be a party to this contract. A party who has
voted FOR a proposal consents to the application of that proposal,
unless e has publicly stated otherwise at or after the time at which e
voted FOR it.
2. This contract is modified as described in the proposal.
However, the application of an Amendment Proposal is INEFFECTIVE unless,
in the same message, the entity who applies the proposal also publishes
a text which is labeled as being the text of this contract after the
application. E SHOULD, at that point, publish intent to ratify that
text without objection.
## Bylaw 4: Ordinary Proposals
An Ordinary Proposal is a type of Corporate Proposal. An Ordinary
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.
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 SHOULD
publish a description of its effects in a timely fashion, including all
balances of assets defined by this contract which were affected by the
proposal.
## Bylaw 5: Bonds and Banknotes
Perpetual Dragon 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 party to this contract CAN redeem the
banknote by transferring 1 coin from the Dragon Corporation to that
entity; the banknote is then destroyed.
## Bylaw 6: Recordkeeping
If a party to this contract owns more shares than any other party to
this contract, then that party becomes the President of the Dragon
Corporation, if e is not already the President. The former President
SHALL publicly inform the new President of this event in a timely
fashion.
The President is the recordkeepor of all assets defined by this
contract, except those for which this contract specifies a different
recordkeepor.
## Bylaw 7: 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 and/or banknotes to the Dragon Corporation as a cost for this
action. 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.
## Bylaw 8: Zombies
If the Dragon Corporation owns a zombie talisman, then the President is
permitted to act on behalf of that zombie's master to act on behalf of
that zombie. E SHALL take reasonable efforts to do so in the way which
will be the most beneficial to the shareholders of the Dragon
Corporation. In particular, if the zombie owns any liquid assets, then
the President SHALL transfer those assets to the Dragon Corporation
unless e has publicly explained why e is not doing so.
If the President transfers a zombie talisman to the Dragon Corporation,
then e CAN, once, award emself up to 20 banknotes in a timely fashion.
However, e SHALL NOT so award emself unless the zombie's master switch
is expected to remain the same for 60 days, and e SHALL NOT so award
emself banknotes exceeding what it cost em to acquire the talisman.
}}}
—Warrigal
