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Bill: Creation of the Kalistani National Textiles Company (KALNATEXCO)
Details
Submitted by[?]: Socialist Party of Kalistan (SPoK)
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: August 4412
Description[?]:
| This Bill hereby formally nationalizes all textile production in the United Republic of Kalistan, and forms all textile operations into a state owned conglomerate known as the Kalistan National Textile Company (KALNATEXCO). Textile mills under KALNATEXCO with be founded in each district. Additionally, The NSP is hereby authorized to devote no more than 3% of land under cultivation for non-food related production to the production of fibers for use by KALNATEXCO. Fiber production by the NSP shall be limited to hemp, cotton, linen (flax), jute, raimie, wool, cashmere, angora and silk. This Bill also directs the Finance Minister to allocate funds sufficient to open, fully staff and operate all industries that fall under KALNATEXCO, centralizing all clerical and operational aspects, and ensuring that all operations meet the needs of the Kalistani National Economy, both of the Public Sector and the Private Sector. The Ministry of Agriculture shall oversee the operation and the maintenance of KALNATEXCO. All production of KALNATEXCO will be first utilized to meet all needs of the Kalistani Regular Military and the consumer demands of the People of Kalistan. Any surplus may be sold on the international Market at the regular market price. KALNATEXCO will adopt the dual economic system with regard to management. KALNATEXCO will be initially capitalized at 5 Billion KRB. 2.5 Billion shares of stock will be publicly traded on world markets. The Kalistani Republican Government will control 51% of all stock released, and the remaining 49% of the stock will be available to be sold with preference to Kalistani investors under the symbol KNT. Foreign investors may not vote in Board of Directors decisions. The corporate structure of KALNATEXCO shall imitate all other Dual Economy structures, with more than half of all officers hired from existing employees, who themselves are subject to Employee votes of confidence, while the remaining offices are filled by the stockholders, or their representatives on the Board of Directors. The Chief Executive Officer will be directly elected by the Employees of the Company, while the Chief Financial Officer will be appointed by the Stockholders. The Government of Kalistan is hereby prohibited from transference of any of its stock in the company into private ownership or trusteeship. In the event that Kalistan seeks to divest itself of its controlling interest in the firm, the entire company shall be considered liquidated, and all operations of the company shall cease. At which point, all Stock will be purchased of investors and the company shall be liquidated. This Act will be enacted upon receiving an affirmative vote from a majority of the seats in the Chamber of Deputies. The Chamber of Deputies shall enact all laws necessary and proper to the correct operation of this Charter. This Act may be amended by a 2/3rds affirmative vote of the Chamber of Deputies. The full amended Charter must be included in the description of Amendment Act. |
Proposals
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 750 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 0 |
| Random fact: Cultural Protocols should generally be reflective of RP conducted within the nation and should not significantly alter or modify the ethnic, religious or linguistic composition without considerable and reasonable role-play or other justification. |
| Random quote: "Benefits should be conferred gradually; and in that way they will taste better." - Niccolo Machiavelli |