Law 36: Economic Readjustment Act

[Nathan]

Law 36

"Economic Readjustment Act 2005"

1. This law overrides all previous organizational policies of the Imperial Bank of Natopia. The Imperial Bank will operate as an organ of the Imperial Government, under the Lower Ministry of the Interior's administration.

2. There will be a Comptroller, appointed by the Grand Chancellor, and two Treasurers, appointed by the Frenzy. They will comprise the Bank Governing Board. The BGB will regulate the economy by passing Bank Laws. Bank Laws must be renewed by the Frenzy after 30 days to remain in effect.

3. The Bank Governing Board issues liscenses to businesses in Natopia. Only lisenced businesses may operate legally. The BGB may revoke liscenses for a business's failt to comply with Frenzy and/or Bank Laws.

Sponsor Nathan Shepard (B-ZL)

i move to vote.

this needs a lot of work i think... but with the Faronian Summit getting more and more serious about a united economy, i want Natopia to be ready. That, and we need to regulate our businesses.

[MasterRDavis]

Looks ok to me. Second and I vote Yes

[Nathan]

oops... i didnt mean to motion to vote... o well..

its good then?

i vote YES

[Tasneem]

Sure... I'm not one to know much about economics.

YES

[Nathan]

Act passed, 3-0.