Contractual money is any contract between a private guarantor (the
issuer) and any entity that can be a party to a contract, which can be
arbitrarily transferred, wherein the issuer is bound to exchange the
money for a redemption value, on demand but possibly only after a
certain date, as agreed to.
The following restrictions apply to all contractual money.
Except in the initial issue, the issuer cannot control the transfer of
money it guarantees.
Only an incorporated entity can issue contractual money. The
incorporated entity must publicly announce any issue of contractual
money, revealing particularly the quantity issued, the expiration
date, and the terms of the money contract.
The state cannot issue contractual money.
The redemption value of any contractual money must not include any
contractual entitlement; in particular, the redemption value cannot
include contractual money. After redemption, no contractual
obligation or entitlement can remain in connection with the money
In no case can holders of contractual money demand by way of
redemption that the issuer dedicate more than 33% of its production or
service capacity within a particular domain, as defined in
§ The Monopoly, figured over a one month period, to the fulfillment of
currency obligations. To resolve conflicts among redeemers,
redemption is on a first-come first-served basis.
All contractual money must specify an expiration date, after which it
is null and void. In the case that fulfillment of money contracts by
the issuer is delayed because the proportion of performance capacity
dedicated to money fulfillment is already at or above the maximum
legally mandatable level, the expiration date of the currency is
extended until all money presented in a timely manner for redemption
has been fulfilled.
For money to be enforceable at court, a contract tax must be paid on
it prior to its issuance. For each year of enforceability, the
current baseline proportion of the money must be paid as taxes. The
tax is paid using a portion of the money being issued. All taxes must
be paid prior to any other issuance of the money.
The national unit of state must retain in escrow the money thereby
assigned to it for 80% of the lifetime of the money, a period
hereinafter called the escrow period. The state must make publicly
available detailed information on its complete inventory of escrowed
money, revealing particularly the quantity held, the issue date, the
expiration date, and the terms of the contract.
At any time after the escrow interval has elapsed, the state can
present the money to its issuer for redemption or can exchange it in
profitable or fair market activities, and in any case must redeem or
exchange it before it expires.
Whenever money is redeemed before the escrow period has elapsed, a tax
refund is forthcoming, equal to the contract taxes paid for the money
redeemed covering the interval from the time of redemption to the time
of expiration. The tax refund is effected by voiding that proportion
of the escrowed money.
No law can affect the mining, refining, minting, use in trade, and
custody, by individuals and incorporated entities, of precious
minerals, including gold, silver, platinum, palladium, and diamonds,
in any quantity, as negotiable currency or otherwise, except as
specified in this document.
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