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Industrial Bank & Agora Report
Date of this report: 23 September 2009

President of the IBA: comex

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Current Holdings:

Nickname                     zm
---------------------------------
*BobTHJ                      764
*comex                       806
*coppro                      40
*Murphy                      270
*Pavitra                     529
*Taral                       1258
Tiger                        97
*Walker                      345
*woggle                      447
Wooble                       182

* IBA party

All IBA parties are listed.  All other persons have no zm.

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Unfilled Offers (can be filled by announcement):

* BobTHJ  [500zm]:    Write an apology for CFJ 2684
* Pavitra [250zm]:    Play Lobbyist, specifying Pavitra.
* Pavitra [500zm]:    (selling Minister without Portfolio)

(ISELL votes not included.)

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Current Rates:

asset           rate (zm)    # in bank
-------------------------------------

-- AAA
0 Crop          11            13
1 Crop          11
2 Crop          45
3 Crop          21            9
4 Crop          23
5 Crop          27
6 Crop          50            7
7 Crop          19
8 Crop          12
9 Crop          11            8
X Crop          100           20
WRV             130           9

-- Cards (Government)
Roll Call       20            15
Debate-o-Matic  20            4
Arm-twist       45            13
On the Nod      45            3
Kill Bill       110           5
Lobbyist        110
Local Election  110
No Confidence   55            3
Goverment Ball  500

-- Cards (Change)
Distrib-u-Matic 25
Committee       30
Your Turn       30
Presto!         150
Not Your Turn   250
Supersize Me    30
Shrink Potion   50
Change Ball     500

-- Cards (Justice)
Absolv-o-Matic  45
Stool Pigeon    40
Drop your Wea.. 80
Discard Picking 130
Justice Ball    500
Penalty Box     175

* Drop your Wea.. = Drop your Weapon

-- misc

X Point         15
Y Point         15
Medal           1500

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History:

03 June 2009 02:44:03      Pavitra +623zm (0c, 7*1c, 2*3c, 2*4c, 2*5c,
                                           2*6c, 7c, 3*8c, 13*9c, 4*Xc)
14 June 2009 19:37:25      woggle +200zm (4*6c)
                                  -109zm (2*5c, 7c, 3*8c)
14 June 2009 20:13:55      Tiger +275zm (2*Xc, 3*7c, 2*0c)
                                 -145zm (1c, 4c, 2*6c, 9c)

16 August 2009 15:51:29    BobTHJ +108zm (6c, 5c, 7c, 8c)

19 August 2009 04:07:40    BobTHJ +27zm (5c)
21 August 2009 03:47:29    comex +320zm (2*LE, NC, OtN)
21 August 2009 20:34:19    coppro +130zm (WRV)
21 August 2009 20:37:14    BobTHJ -130zm (WRV)
21 August 2009 22:43:29    BobTHJ +85zm (RC, DoM, At)
22 August 2009 15:01:09    C-walker +135zm (3*AoM)
23 August 2009 21:49:09    woggle +300zm (3*Xc)
                                  -31zm (8c, 7c)
25 August 2009 20:18:10    Tiger +164zm (10*0c, 9*3c, 2*At, 2*Com,
                                         OtN, RC)
25 August 2009 20:30:10    Tiger +0zm (4*7c)
                                 -177zm (2*6c, 2*5c, 4c)
27 August 2009 07:21:10    Murphy +270zm (Lob, 2*DyW)
28 August 2009 22:00:11    BobTHJ +80zm (4*RC)
30 August 2009 15:36:11    coppro +130zm (2*AoM, 2*DoM)
31 August 2009 20:42:11    Tiger +260zm (2*WRV)
31 August 2009 23:39:02    Pavitra +80zm (DyW)
01 September 2009 03:19:03 coppro -30zm
                           comex  +30zm [P6473]
01 September 2009 03:37:03 coppro +520zm (4*WRV)
01 September 2009 21:24:04 Taral +45zm (At)
03 September 2009 16:39:04 Wooble +481zm (4*KB, OtN)
03 September 2009 19:06:03 comex +540zm (2*Lob, LE, KB, 2*NC)
                                  -46zm (2*Com)
03 September 2009 19:51:04 woggle +90zm (2*AoM)
03 September 2009 23:14:03 Pavitra +151zm (2*AoM, DoM, At)
03 September 2009 23:50:04 Taral +175zm (PB)
                                 +260zm (2*WRV)
                           [IBA -PB]
04 September 2009 01:10:04 coppro -550zm (2*Lob, 3*LE)
04 September 2009 01:12:04 woggle -76zm (4*7c)
04 September 2009 19:00:04 Wooble +141zm (9*RC, At)
04 September 2009 19:15:04 Wooble -80zm (DyW)
04 September 2009 19:55:04 Wooble -360zm (8*AoM)
04 September 2009 19:55:07 BobTHJ +594zm (2*KB, 2*NC, 7*At)
04 September 2009 20:35:04 woggle +73zm (3*DuM)
04 September 2009 23:02:05 comex -160zm (2*DyW)
05 September 2009 09:01:04 C-walker +135zm (3*AoM)
05 September 2009 09:07:04 C-walker +57zm (2*Com)
[...ambiguous actions...]  C-walker +18zm
                           comex -128zm
                           [IBA -Lob]
13 September 2009 17:32:05 coppro +130zm (WRV)
                                  -180zm (4*AoM)
15 September 2009 01:00:06 coppro -110zm (2*NC)
15 September 2009 05:00:23 Pavitra -75zm (3*DuM)
15 September 2009 15:39:06 Tiger  -60zm (2*Com)
                                 -220zm (2*KB)
17 September 2009 20:46:07 Taral +400zm (4*Xc)
21 September 2009 21:48:08 Taral  -22zm (2*1c)
                                 +400zm (4*Xc)
23 September 2009 17:13:18 Pavitra -250zm
                           comex   +250zm [play Lob.]

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Text of the contract:

I. IBA

This is the Industrial Bank & Agora.  The currency of the IBA is
zorkmids (zm); the recordkeepor of zorkmids is the President.

Any person CAN join this contract by announcement.  Any party to this
contract CAN leave it by announcement, unless e is involved in a
pending Offer, or this contract has less than three parties, in which
case any party CAN dissolve it without objection.

The President of the IBA is comex.

II. Summary

- You can join the contract by announcement.  Please join before
  attempting to make Offers or vote ISELL-- your only obligations are
  to uphold the terms of Offers you make.

- You can deposit 4 assets per week for the standard rate; further
  deposits give you diminishing returns to prevent scams, but you can
  still get a good price for up to 10.

- You can always withdraw assets for the standard rate.

- You can intend to sell or buy assets, naming a price; this is known
  as an Offer, and other parties can fill the Offer by announcement.

- ISELL works like SELL, but you can vote ISELL on dependent
  actions as well as decisions.

III. Banking

Every asset has a Rate in zorkmids, intially zero.  The President's report
includes a Rate List containing all nonzero Rates.

IV. Withdrawal

A person CAN withdraw an asset in the IBA's possession if e has at
least its Rate in zorkmids.  Withdrawing an asset is equivalent to
acting on behalf of the IBA to transfer the asset to the withdrawer;
after a person withdraws an asset, its Rate in zorkmids is destroyed
in eir possession.

V. Deposits

A person CAN deposit an asset by transferring it to the IBA; e then
gains the Effective Rate in zorkmids.

The Effective Rate for a deposit is its Rate, multiplied by a value
depending on the number of previous deposits made in the same week
with the same Executor, and rounded to the nearest integer:

prev    rate

0-3     1.00
4-6     0.90
7-9     0.80
10      0.73
11      0.62
12      0.50
13      0.38
14      0.26
15      0.18
16      0.12
17      0.08
18      0.05
19      0.03
20      0.01
21-     0.00

VI. Offers

An Offer is an entity with three fields:
  Selling:   (a nonempty list of assets, actions, and/or obligations)
  For cost:  (a nonempty list of assets, actions, and/or obligations)
  Repeats:   (a nonnegative integer, or infinity; default 1)

A person CAN create an Offer by announcement, thus becoming its
offerer.  A person CAN destroy an Offer for which e is the offerer by
announcement.

A party (the filler) generally CAN fill an Offer by announcement (and
is authorized to act on behalf of the offerer for this purpose) if the
offerer is a party.  Filling an Offer is equivalent to performing the
following procedure in order, with no other actions inserted between
the start and end of the procedure; and notwithstanding the previous
sentence, if the procedure would not be entirely successful, the Offer
cannot be filled at all:

- the filler acts on behalf of the offerer to transfer the assets in
  the 'Selling' field to the filler, and to take the actions in the
  'Selling' field, and
- the filler transfers the assets in the 'For cost' field to the
  offerer, and takes the actions in the 'For cost' field, and
- the Offer's 'Repeats' field is decreased by one.

The filler SHALL satisfy the obligations (if any) in the 'For cost'
field; the offerer SHALL satisfy the obligations (if any) in the
Selling' field.

An Offer with zero Repeats CANNOT be filled.  A non-pending Offer with
zero Repeats is automatically destroyed.

To intend to sell X for Y is to create an Offer with X as 'Selling'
and Y as 'For cost'; to intend to buy X for Y is to create an Offer
with X as 'For cost' and Y as 'Selling'; to intend to sell A*X for Y
each is to create an Offer with X as 'Selling', Y as 'For cost', and A
as 'Repeats'; etc.

Examples:
- I intend to sell a WRV for 8 zm.
- I intend to sell 4 G# Credits for 2 zm each.
- I intend buy a Land for 3 zm.
- I intend to sell a WRV for a Land.

VII. Selling Votes

Voting ISELL(X) on a decision is equivalent to intending to sell a
number of votes equal to your voting limit on that decision for X.

Voting ISELL(X - A*Y) on a decision (A equals one if not specified) is
equivalent to intending to sell A votes on that decision for X, and
then voting A*Y.

Examples:
- ISELL(8 zm)              - allow all of your votes to be
                             purchased as a block for 8 zm

- ISELL(8 zm - AGAINST*8)  - cast 8 AGAINST votes, which can be purchased
                             as a block for 8 zm

- 8*ISELL(1 zm)            - allow each of your votes to be purchased
                             separately for 1 zm each

- 8*ISELL(1 zm - AGAINST)  - cast 8 AGAINST votes, each of which can
                             be purchased separately for 1 zm

When an Offer is filled that specifies a number of votes on a certain
Agoran decision in the 'Selling' or 'For cost' field, the offerer or
filler respectively
- retracts enough (if any) of eir ballots on that decision that the
  following ballots are valid and do not exceed eir voting limit;
- casts the specified number of ballots with the option specified by
  the other party; and
- SHALL NOT retract these ballots.

If this process is impossible, the Offer CANNOT be filled.
Retractions of ballots caused by this process are performed in the
order the ballots were originally submitted.

VIII. Selling Support/Objection

Opining ISELL(X) on an intent to perform a dependent action is
equivalent to intending to sell an opinion on that action for X.

Opining ISELL(X - Y) on an intent to perform a dependent action is
equivalent to intending to sell an opinion on that action for X, and
then opining Y.

Examples:
- ISELL(4 zm)
- ISELL(4 zm - support)
- ISELL(4 zm - object)

When an Offer is filled that specifies an opinion on a certain
dependent action in the 'Selling' or 'For cost' field, the offerer or
filler respectively
- withdraws all previous support or objection for that action,
- supports or objects to that action, as specified by the other party, and
- SHALL NOT withdraw that support or objection, or thereafter support
  or object to that action.

This process also applies to contract-defined psuedo-dependent
actions whose behavior differs from that of a dependent action only in
the values of time limits, or not at all.

IX. Selling Agreement

When an Offer is filled that specifies agreement to certain terms in
the 'Selling' or 'For cost' field, the offerer or filler respectively
SHALL follow those terms.

X. Motions

A motion is an entity which acts identically to an Agoran decision,
except that the requirement that the voting period last at least seven
days is waived, and, by default:
* the eligible voters are the parties to this contract,
* each eligible voter's voting limit is one,
* quorum is three,
* the voting period lasts 72 hours,
* the vote collector is the President, and
* the vote collector SHALL resolve it as soon as possible after the
  voting period ends.

Any party CAN initiate a Motion to Act, specifying a set of actions to
be performed by this contract.  For this motion, the adoption index is 2.
If the option selected on a Motion to Act is ADOPTED, the vote
collector CAN once act on behalf of this contract to perform those
actions, and the Motion CANNOT be resolved unless the vote collector
does so in the same message, immediately after resolving it.

Submitting a Motion to Amend with a set of amendments to this contract
is equivalent to submitting a Motion to Act specifying that this
contract make those amendments to itself.

XI. Changing the Rates

A Rate List is a list of assets and associated Rates.  To effect a
Rate List is to set the Rate of each asset in the list to the
specified value.

The President CAN effect a Rate List without two objections in 48
hours.  Any party CAN initiate a Motion to Effect, specifying a Rate
List.  For this motion, the adoption index is 1.  If the option
selected on a Motion to Effect is ADOPTED, the specified Rate List is
effected.

XII. Rates are Self-Ratifying

One week after the publication of a Rate List purporting to be part of
the President's report, the Rate List is effected unless, less than a
week after its publication, any person publicly
- challenged the Rate List's veracity, or
- purported to effect a different Rate List.

XIII. The IBA is a Partnership

Parties to this contract SHALL collectively ensure it fulfills its
legal obligations.  If the Sentiment of this contract is ever not
Legalistic, any person CAN flip it to Legalistic by announcement.  If
the Disclosure of this contract is ever not Public, any person CAN
flip it to Public by announcement including its text and list of
parties.

XIV. Pending Offers

A person is involved in an Offer if e is its offerer or filler.  A
pending Offer is an Offer whose effects impose an ongoing, future, or
unsatisfied obligation on a person involved in it.

XV. Presidential Restriction

The President, when performing actions allowed to em by virtue of the
position, SHALL act in good faith, considering the best interests of
this contract and the game.

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