It's never too late to try to found a company which aspires to take
over the world.
{
## Bylaw 1: Definition
This contract is named "the TCC Corporation". The purpose of the TCC
Corporation is to earn as much money as possible for its
shareholders.
Shares of TCC stock (hereinafter "shares") are a currency whose
purpose is to represent ownership of the TCC Corporation. An entity
which owns at least one share is known as a shareholder. Any
shareholder may become a party to the TCC Corporation; a shareholder
which is a party to the TCC Corporation is known as a member.
If the TCC Corporation or the Lost and Found Department owns any
shares, then those shares are destroyed.
## Bylaw 2: Proposals
Any member may, by announcement, submit a Corporate Proposal. A
Corporate Proposal must have exactly one of the types defined by
this contract. Thereafter, any shareholder may vote FOR or AGAINST
that proposal by announcement, or retract such a vote, which causes
the vote to become null and void. Whenever a shareholder votes, all
of eir previous votes on the same proposal are implicitly retracted.
If a Corporate Proposal was submitted more than 7 but fewer than 21
days ago, and the proposal has approval (as defined in other
bylaws), and the proposal has not been applied, then any member may,
by announcement, apply the proposal, which has effects as defined in
other bylaws.
Members SHALL NOT submit, vote for, or apply proposals that are
egregiously unfair to other shareholders (such as a proposal which
takes or revokes shares from minority shareholders without just
compensation).
## Bylaw 3: Amendment Proposals
An Amendment Proposal is a type of Corporate Proposal. An Amendment
Proposal has approval if at least one shareholder has voted FOR it,
and the number of shares owned by shareholders voting FOR it is at
least 2 times the number of shares owned by shareholders voting
AGAINST it.
When an Amendment Proposal is applied, the following occur:
* If the proposal states that one or more entities cease to be
parties to this contract, then that occurs.
* If every member has voted FOR the proposal, then this contract is
modified as described in the proposal. (Entities which ceased to
be members in the previous step do not count as members for this
step.)
* The person who applied the proposal SHALL publish this contract in
a timely fashion.
## Bylaw 4: Ordinary Proposals
An Ordinary Proposal is a type of Corporate Proposal. An Amendment
Proposal has approval if the number of shares owned by shareholders
voting FOR it is greater than the number of shares owned by
shareholders voting AGAINST it.
When an Ordinary Proposal is applied, assets are created, destroyed,
and/or transferred as described in the proposal; and entities may
create, destroy, and/or transfer assets as permitted in the
proposal. Such permission expires 30 days after the proposal is
applied.
After an Ordinary Proposal is applied, the person who applied it
SHALL publish a description of its effects in a timely fashion,
including all balances which were affected by the proposal.
## Bylaw 5: Bonds and Banknotes
Perpetual TCC bonds (hereinafter "bonds") are a currency. Banknotes
are a currency.
At the beginning of each Agoran quarter, each entity is awarded a
number of banknotes equal to the number of bonds that e owns.
If an entity owns a banknote, any member CAN redeem the banknote by
transferring 1 coin from the TCC Corporation to that entity; the
banknote is then destroyed. Members should do this upon request by
non-members.
## Bylaw 6: IPO
Within 90 days after this contract is created, any entity may buy a
share by announcement; in the same message, the entity must transfer
10 coins to the TCC Corporation for the sole purpose of buying a
share. When e does this, e is awarded 1 share.
Within 90 days after this contract is created, any entity who owns
at least 1 share may sell the share by announcement. When e does
this, the share is destroyed and e is awarded 5 banknotes.
}
Of course, "TCC" stands for "the TCC Corporation."
—Warrigal
