Legislation:SBR/C002-009/Original text

Proclamation clause, title and preamble

As proclaimed by the Grand Forum of All Citizens,

Charter 002-009, Charter of Incorporation for the Celestial Mint

Whereas in view of the Beaconite people having the desire to have a national currency, in order to promote our economy, financial independence, and culture, and to manage such a currency in our national interest;
And whereas we believe that it would greatly promote these Objectives and be for the public benefit if a Corporation charged with these duties were created by exercise of a Charter of Incorporation,
It is so that we do by exercise of a Charter of Incorporation give and grant as follows:

Incorporation

1. There is to be a Body Corporate, known as the Celestial Mint. As such, it is to be capable in law of holding property, filing and facing suit in a Justicial Council, and taking all actions necessary or incidental to a Body Corporate, with exception that any surplus revenue must be applied solely to other projects of the Corporation.
2. The Celestial Mint is to be wholly owned by Our Serene Republic.
3. The Rector, the Treasurial Magistrate, (or appointed representatives thereof) and a Governor of the Celestial Mint elected by the Grand Forum are to serve on an Executive Board.
4. The Executive Board is to make any decisions by a majority vote of its members.

Corporate Objectives

The objectives for which the Celestial Mint is established and incorporated are—

1. To design and produce coinage for Our Serene Republic, in accordance with P002-008.
2. To design and produce other coinage on paid contract.
3. To manage the value of the Beaconite Moon with the aims to:
   1. Maximise Beaconite economic performance;
   2. Maximise employment;
   3. Maintain a steady and usable currency.
4. To do other such things that may seem necessary or incidental to these Corporate Objectives.