Government Bond Act

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Congress authorizes the Ministry of Finance to issue government bonds at any time, once the following conditions are met:

1) The Prime Minister issues an Executive Command to do so, posted in Congress, which meets the conditions of each of the following points:

a) The Organization where donations are to be made must be specified in the Executive Command. This Organization is subject to Article 3.

b) The rate of repayment, in CAD, must be must be specified in the Executive Command. This rate is subject to Article 5.

c) The maximum amount of Bonds, in Gold, that are to be sold, must be specified in the Executive Command. This amount is subject to Articles 4 & 6.

d) The period of the offering, in Days, must be specified in the Executive Command. This period is subject to Article 7.

e) The reason for the sale of Bonds must be specified in the Executive Command.


2) Bonds can only be purchased by Canadian Citizens or citizens of Allied nations.

e) The reason for the sale of Bonds must be specified in the Executive Command.

f) The announcement must come with a stated time that is intended to begin the donation process, and must be a minimum of 24 hours from first announcement.

3) Bonds must be purchased by donating Gold to the Organization stated in the Executive Command. This must be a government-controlled Organization, which exists exclusively for the purpose of Bond purchases, and must not be currently in use for another Bond issuance.

a) The Ministry of Finance must check the Organization every 48 hours, throughout the entire duration of the Bonds program, to record donations. This is to be done seperately by the Auditor General, and the lists compared at the end. Discrepencies will be sorted out by the President, or if a citizen requests, the Supreme Court.

b) Donations are not to exceed the amount of 50g, unless in the previous issuing of bonds, the same citizen donated an amount not exceeding 50g. If such is the case, an amount not to exceed 100g is the maximum donation allowed.

c) Donations are required to be of a minimum value of 3g.

4) Total outstanding bonds must not exceed 1000 Gold. If this occurs, immediate repayment must begin until outstanding Bonds are at 750 Gold or less. There are possible exceptions, as per Articles 6 & 7 and this limit may be amended or exempted for a single bond offering during a state of war by a majority vote within congress

5) Repayment must be made in CAD at a rate of no more than 45 CAD per Gold donated. This rate is constant for all Bonds purchased, under the same Bond issuing, during the period in which Bonds are sold. Repayment must take place within 120 days of the date of purchase.

6) Bond issuings must be capped at a specific amount, in Gold. Any donations that are made, after this threshold is reached, shall be refunded as donated (at a rate 1 of Gold per 1 Gold) in Gold, and shall not count towards the Total Outstanding Bonds, with regards to Article 4.

7) Bond issuings may be capped by a certain time duration of up to 60 Days. Any donations that are made, after this threshold is reached, shall be refunded as donated (at a rate 1 of Gold per 1 Gold) in Gold, and shall not count towards the Total Outstanding Bonds, with regards to Article 4.

8) The Executive Command may be denied by Congress during the first 24 hours of the program commencing. Other than this, Congress has no authority of the organization of the Bonds program.

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