Post by Devil on Oct 6, 2012 12:51:11 GMT -5
The Bank of New York
Hereby establishes the Bank of New York and creation of the New York(NY) Dollar as the regional currency to be used via the official New York forum.
I. New York Dollar
A. As a forum currency, nations interested in participating will need to join the forum.
B. All nations shall receive $50 NY Dollars for every forum post made.
-Nations shall be Grandfathered into the currency, receiving $50 NY Dollars for every previous post.
C. Nations have the right to draw from more than one salary or source of income.
II. Bank of New York
A. Shall serve as the financial center of New York and in charge of the regional currency.
-Has the right to financially sponsor forum programs and activities.
-Has the right to hire individuals, groups, or organizations.
-Has the right to make loans to individuals, groups, or organizations, at a predetermined interest rate.
B. Head Chairman
-Shall serve as the figurehead of the Bank of New York, responsible for running the bank.
-Upon passing of this legislation primary sponsor and author the Devil shall be appointed Head Chairman.
-Head Chairman has the right to appoint their successor with approval from the Chief Administrative, WA Delegate, or State Assembly.
III. Criminal Offenses
1. Money laundering, overly fraudulent spamming of the forum in order to gain NY Dollars.
-The Bank of New York has the right to re-claim NY Dollars earned in such a manner
2. Debt evasion, failure to pay back money owed to another nation in the agreed time frame.
3. The Bank of New York has the right to fine repeated offenders, up to but not limited to $1000.
-Excessive offenders will be brought before the State Assembly as per the Constitution, Article III; Section: 4.
Author,
The Devil
Hereby establishes the Bank of New York and creation of the New York(NY) Dollar as the regional currency to be used via the official New York forum.
I. New York Dollar
A. As a forum currency, nations interested in participating will need to join the forum.
B. All nations shall receive $50 NY Dollars for every forum post made.
-Nations shall be Grandfathered into the currency, receiving $50 NY Dollars for every previous post.
C. Nations have the right to draw from more than one salary or source of income.
II. Bank of New York
A. Shall serve as the financial center of New York and in charge of the regional currency.
-Has the right to financially sponsor forum programs and activities.
-Has the right to hire individuals, groups, or organizations.
-Has the right to make loans to individuals, groups, or organizations, at a predetermined interest rate.
B. Head Chairman
-Shall serve as the figurehead of the Bank of New York, responsible for running the bank.
-Upon passing of this legislation primary sponsor and author the Devil shall be appointed Head Chairman.
-Head Chairman has the right to appoint their successor with approval from the Chief Administrative, WA Delegate, or State Assembly.
III. Criminal Offenses
1. Money laundering, overly fraudulent spamming of the forum in order to gain NY Dollars.
-The Bank of New York has the right to re-claim NY Dollars earned in such a manner
2. Debt evasion, failure to pay back money owed to another nation in the agreed time frame.
3. The Bank of New York has the right to fine repeated offenders, up to but not limited to $1000.
-Excessive offenders will be brought before the State Assembly as per the Constitution, Article III; Section: 4.
Author,
The Devil
