On Monday 13 October 2008 11:17:45 am Roger Hicks wrote:
> Without three objections I intend to amend the RBOA agreement as
> follows: {
> Replace section 2 with:
> {{
> Any person who owns a non-zero number of Chits may become party to
> this agreement by announcement. Parties to this agreement are known
> as Bankers. The Bankers shall act collectively to fulfill the
> obligations required of this contract.
> }}
> Create a new section with the text:
> {{
> Any Banker may initiate a Bank Motion by announcement. A Bank
> Motion may specify one or more of the following actions:
> * A change to the exchange rate for a currency
> * Any action the RBOA can perform as a person
> Each Banker may either approve or disapprove of a Bank Motion by
> announcement. A minimum of two and a maximum of seven days after
> the initiation of a Bank Motion any Banker may resolve that Motion.
> At the time of resolution, if the total number of chits owned by
> Bankers who approved of the Motion exceeds the total number of
> chits of Bankers who disapproved of the Motion, then the Banker who
> resolves the motion shall carry out any actions specified by that
> motion. The Banker is authorized to act on behalf of the RBOA for
> the purposes of resolving said Motion.
> }}
> }Good idea, but not far-reaching enough. This mechanism should be instead of, not in addition to, action Without 3 Objections; and amending the contract should be a Bank Motion as well. Still, you've got my non-objection. Pavitra
