The Micras World Stock Exchange (MWSE) Charter

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Thadeus Laing
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The Micras World Stock Exchange (MWSE) Charter

Post by Thadeus Laing »

After much deliberation and consideration with various nations
on Micras and entities within the government of Shireroth, the
government of the Elwynnese subdivision Tirlar has agreed to
grant authority to an organization to host a micronational stock
exchange designing according to the plans drawn up by Giles
Melang, my Melangian cousin who is taking a sabbatical to write
a series of books, who has authorized me to speak on his behalf
in every official capacity.

The Micras World Stock Exchange (MWSE) will be based here in
Tirlar and follow a charter drafted by me which is given below.


THE CHARTER OF THE MICRAS WORLD STOCK EXCHANGE (MWSE)

Section 1: Purpose

The Micras World Stock Exchange has the combined purpose of promoting micronational economics, micronational stock sales, public trading of shares of micronational companies, and the fostering of international goodwill and cooperation.

Section 2: Board of Governors

General oversight of the stock exchange shall rest with a Board of Governors. The Board of Governors shall be composed of one representative appointed by the government of Tirlar, one representative appointed by the Small Commonwealth United Economy (SCUE) treaty organization (whose Bank Administrator at this time is Andreas the Wise), one representative appointed by the government of Elwynn, one representative appointed by the government of Shireroth, and one representative appointed by the companies having the five largest market capitalizations publicly listed on the Exchange.

Section 3: The Exchange Director

The Director of the Stock Exchange shall handle the day-to-day operations of the Exchange and may employ an assistant for this purpose. The Director must provide clear and transparent records to the Board of Govenors and governmental agencies as requested. The Director shall be Giles Melang from the date of this Charter being created and brought into force by being signed by him . After that time or if Mr Melang leaves that office, the Board of Governors--by whatever procedures it devises--shall appoint a replacement, who must have the consent of either the government of Shireroth or the government of Tirlar. The Director of the Exchange, while in office, can overrule the Board of Governors on matters of administration. However the Chair of the Board of Governors, named by said Board with the consent of the Director of the Exchange, shall be the official public face of the Exchange for the purpose of interacting with Heads of State and the leadership of other organizations in a public setting; the Director of the Exchange can perform these roles as well, albeit in an unofficial capacity. The Director of the Exchange and the Chair of the Board of Governors can be the same person.

Section 4: Immunity from Prosecution

The Exchange Director, Director's Assistants, the members of the Board of Governors, and the Board and Exchange itself shall be immune from criminal prosecution for actions undertook in the performance of their job duties related to the operation of the Exchange. There shall be an underwriting fee per transaction levied for the purpose of insuring the exchange in the case of a civil lawsuit against it. The maximum damages the Exchange must pay in the event of a civil lawsuit shall be the total of the amount it has paid into its insurance fund (see Section 5).

Section 5: Per Transaction Underwriting Fee

The Exchange Director may levy a per transaction transaction fee. No more than 10% of this fee may go towards operational expenses such as paid volunteers, marketing, etc.; the remainder of the fee must go towards an insurance fund as mentioned in Section 4 which will insure the Exchange in the event of a civil lawsuit against it.

Section 6: Six month escrow insurance

The Exchange is dedicated to allowing individuals from even the most risk-laden states participate in the miracle of micronational economics within the context of stock transactions. Even so, it realizes that transaction agents coming from or going to certain environs are risky transactions, and accordingly the Director of the Exchange and/or the Board of Governors can require of certain transaction agents (sellers and/or buyers) that they have the same amount that they send to the Exchange the amount of value of the stock that they intend to purchase or sell, to be held in Escrow, by the exchange, for a six (6) month period. After this period, they will receive this money back, unless the money had to be spent by the Exchange to provide monetary restitution and remuneration to someone as a result of problems that occurred with the exchange of the stock, which may also have involved governmental entities.

Section 7: Fraud Ban

Any buyer or seller caught in fraud shall be banned from the exchange for 3 months at the discretion of the Director of the exchange. The Board of Governors may petition the Director on behalf of the individual to reverse the ban.

Section 8: Micronational Economics Theoretical Underpinnings

The Exchange shall operate according to the guiding micronational economic principles of Mortisianism, Andreasism, and Melangism.

Signed Giles Melang July 4, 2013
Inaugural Director of the Exchange

Deimos Jasonides
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Re: The Micras World Stock Exchange (MWSE) Charter

Post by Deimos Jasonides »

Dear Mr Melanje,

Tirlar is not under Elwynnese rule anymore. In fact, Tirlar does not exist as a legal jurisdiction anymore. I would advise the MWSE to look elsewhere for its establishment.

I must warn you, however, that should you post in any other part of the Elwynnese forum, you are subject to the emergency decree on border control.

You are free to appeal such decision to the Council of Eliria by PM-ing your appeal to either the Prince (me) or the President of the Senate (Soreaa Isurui) who will then pass it on to the Council of Eliria for deliberation.

Sincerely,

Deimos Jasonides,
Prince.
Deimos Jasonides| Деймоос Ясооннаи | Deimoos Jasoonnai
Grand Officer of the Holy Order of the Strait of Barbary
Former Prime Minister of the State of Talenore
Former Sovereign Prince of Elwynn

Just another Ric

Thadeus Laing
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Re: The Micras World Stock Exchange (MWSE) Charter

Post by Thadeus Laing »

Jacobus Loki told me I was free to start the exchange here.

Deimos Jasonides
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Re: The Micras World Stock Exchange (MWSE) Charter

Post by Deimos Jasonides »

Then, sir, perhaps Tirlar exists as a non-territorial jurisdiction under Mr Loki. It is not, I can confirm, an "Elwynnese subdivision".
Deimos Jasonides| Деймоос Ясооннаи | Deimoos Jasoonnai
Grand Officer of the Holy Order of the Strait of Barbary
Former Prime Minister of the State of Talenore
Former Sovereign Prince of Elwynn

Just another Ric

Royston Merrick

Re: The Micras World Stock Exchange (MWSE) Charter

Post by Royston Merrick »

Can we archive Tirlar and Albion then?

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Soreaa Isurui
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Re: The Micras World Stock Exchange (MWSE) Charter

Post by Soreaa Isurui »

Yes, we should.
Soreaa Isurui
Steward of the State (Elwynn)
Minister of the Exterior of the Imperial Republic of Shireroth


One of the Rics

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Jacobus Loki
The plaything of capricious Archons...
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Re: The Micras World Stock Exchange (MWSE) Charter

Post by Jacobus Loki »

Tirlar was guaranteed board presence by the late Kaiseress under the reunion protocols. If you choose to remove it from Elwynn, it needs to be moved to the main board or to somewhere else in Shireroth.

I invited the exchnage to give some life and economy to Tirlar.
Jacobus Loki

Once and Future King of the Ma'alanje
Prophet of Loki, Wielder of the Sword of Madness

Shireroth sumus. Tempus in parte nostrum est.

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Soreaa Isurui
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Re: The Micras World Stock Exchange (MWSE) Charter

Post by Soreaa Isurui »

That is a very noble gesture, Jake.

The treaty of Unification spells this out
ARTICLE SEVENTEEN: The Imperial Republic of Shireroth accepts an obligation to host for at least three months the forum of any former Union Territory of the Elwynnese Union granted independence in Chapter One of this treaty which neither joins another nation, convinces the Bastion Union to host them separately, nor chooses to create its own forum outside the Bastion. The former Union Territories of the Elwynnese Union are under no obligation to accept this offer, nor does acceptance of this offer necessarily imply any political relationship with the Imperial Republic of Shireroth.
And I believe it would be best for Tirlar's forum to be housed elsewhere on the board.

Have you made any thought of what to do with Tirlar's lack of land, by the way?
Soreaa Isurui
Steward of the State (Elwynn)
Minister of the Exterior of the Imperial Republic of Shireroth


One of the Rics

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Jacobus Loki
The plaything of capricious Archons...
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Re: The Micras World Stock Exchange (MWSE) Charter

Post by Jacobus Loki »

The MCS has denied it, and with all the other chaos, I haven't been able to work much on Tirlar.

I may find an island for it.

ooc: I felt I owed Lord Erion something. Maybe if no land is found, it can evolve like the Knights of Malta?
Jacobus Loki

Once and Future King of the Ma'alanje
Prophet of Loki, Wielder of the Sword of Madness

Shireroth sumus. Tempus in parte nostrum est.

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Soreaa Isurui
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Re: The Micras World Stock Exchange (MWSE) Charter

Post by Soreaa Isurui »

Perhaps, the creation of the Sovereign Order of the Imperial Crown of Tirlar?
Soreaa Isurui
Steward of the State (Elwynn)
Minister of the Exterior of the Imperial Republic of Shireroth


One of the Rics

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Max von Rossheim
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Re: The Micras World Stock Exchange (MWSE) Charter

Post by Max von Rossheim »

If Tirlar is prepared to move to my forum, I will lease it the territory of the former Duchy of Rossheim-Wladischofen. Tirlar gets back on the map and I get help with my flagging post-count. Everybody wins!
Max I
King of Leichenberg

Sometime Emperor of Sangun

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Jacobus Loki
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Re: The Micras World Stock Exchange (MWSE) Charter

Post by Jacobus Loki »

And the stock market ones with us?
Jacobus Loki

Once and Future King of the Ma'alanje
Prophet of Loki, Wielder of the Sword of Madness

Shireroth sumus. Tempus in parte nostrum est.

Thadeus Laing
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Re: The Micras World Stock Exchange (MWSE) Charter

Post by Thadeus Laing »

Mr von Rossheim,

It seems Elwynn is now declaring that Tirlar is
not a realm of theirs. I appreciate Jacobus'
offer of what seemed at the time to be a prime
location for a micronational stock exchange, but
given the state of affairs here I must now ask
of your assurances that you would not interfere
with the micronational stock exchange if it were
to be based in your territory, in any legal sense.
Now, I understand that you have been opposed to
micronational economics and my ideas on more
than one occasion. Please understand that if
this micronational stock exchange, which will be
mostly of my own planning and vision in terms of
its design and operation, operates in your territory,
I will expect your full protection.

Here are the terms. Either you accept them, as
Jacobus has implicitly done, or you do not. You
do not have to agree with the exchange, or my
ideas, or even micronational economics at all.
However you must allow the Exchange to operate
unimpeded and in line with both my economic theories
as well as those of Erik Mortis and Andreas the Wise.
If you wish, the Exchange could arrange to donate to
a charity of your choice periodically, in a show of
goodwill to you. Also we are willing to grant special
rights to non-biologically undead such as fee exemptions and
support rights throughout the world for non-biologically undead
individuals.

If you do not consent to the preceding terms, then
we cannot build our exchange on your territory and
I will inform Jacobus of this regrettable turn of events
and urge him to find some other territory in which
Tirlar can place its exchange. If you do consent to
the preceding terms, please inform me. This could be
the start of a promising mutual understanding and
detente between non-biologically undead and the bio-
logically undead.

Signed,

Giles Melang

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