Friends,
We are now opening the discussion and ratification of a preliminary plan for Member Ownership of board77. Please note that the final plan will need to be approved by the then full membership before it is implemented. The preliminary plan is listed below and can also be read in context here, 1st post:Actual Document
We will discuss from Mon Jun 6 ~7:00pm GMT to Thur Jun 16 ~7:00pm GMT. We will vote from Thur June 16 ~7:00pm GMT to Sun Jun 26 11:59pm GMT. Ratification requires a quorum of at least 39 votes and a super-majority of at least 2/3 of the votes.
The purpose of the discussion is to uncover controversial items and remove them before voting. Please speak freely. Thanks, V.
Ownership of board77
¶1. It is the intention of board77 to eventually become a member-owned internet community. To that end, member Voronwe_the_Faithful has offered to prepare and file the necessary papers to form a non-profit corporation, organized under the laws of the State of California, once the following has occurred:
• the Charter has been completely finished and ratified.
• the messageboard has moved to the www.board77.com domain name, which is currently owned by member TheLidlessEyes, who has offered to transfer such ownership to a non-profit corporation formed for that purpose under terms acceptable to both TheLidlessEyes and the other members.
¶2.When formed, this corporation, subject to applicable laws and feasibility as determined by the members at that time:
• will be named board77, unless that name is taken
• will be formed as a mutual benefit nonprofit corporation
• will seek tax-exempt status if feasible
• will have voting members consisting of all persons who register a primary screen name at board77 and are eligible to vote for the Mayor under the by-laws regarding a binding vote of the membership
• will have a Board of Directors consisting of a single director who will be the current Mayor, who will be elected by the voting members
• will have CEO, secretary, and Chief Financial Officer, all of whom will also be the Mayor, who nonetheless will be prohibited from taking any action in any of these roles that is not otherwise specified in the Charter without the authorization of a majority of voting members who vote on any issue
• will have regular Board/Member meetings at which the Mayor can report to the membership on issues affecting the community, the members can inform the mayor about any issues he or she needs to know about, and the members can communicate directly with each other, with the threads in which these Board/Member meetings occur being archived as the official minutes of the meetings
• will not collect membership dues but will have a donation fund from which miscellaneous expenses will be paid
¶3. This is a basic outline that is the result of preliminary research only. Before the corporation is actually formed and ownership transferred to it, a comprehensive plan will be presented to the then current membership, a majority of which must approve it for the plan to then go forward.