Treasury Code

Head Treasurer

1. Head Treasurer is elected by popular vote of current Treasury Members
2. Head Treasurer is a Treasury Member
3. Each Treasurer must vote with the ability to vote for themselves
4. Any Treasury Member can call a Head Treasurer Vote
5. Maximum amount of 3 Head Treasurer Votes each year, minimum is 0.
6. Head Treasurer Runs the meetings, receives treasury proposals, receives Treasury Member Applications & Brings them before the board.

Treasury Members

1. Must attend Treasury Meetings
2. Must Vote on all Treasury Proposals
3. Must Follow Treasury Code

Treasury Proposals

1. Are submitted to the Head Treasurer by Treasury Members only
2. Head Treasurer includes proposals in the meeting topic and allows the Proposal submitter or submitters to explain the proposal before the Treasury Members.
3. Proposals are discussed. Each Treasury Member is asked to speak for, against or offer a change to the proposal.
4. Proposal is finalized, set to improvement or thrown out.
5. Finalized Proposals are put to a vote by each Treasury Member.
6. Proposal requires a 70% vote to pass.
7. Passed Proposals are sent to MN Treasury for Verification, Approval & Execution if Necessary.
8. MN Treasury Approves & Executes the proposal, delays the proposal, or denies the proposal. Approved proposals are executed and placed on the Treasury Webpage and email broadcast. Head Treasurer is notified of MN Treasury Decision & Action.

Adding a Treasury Member

1. Treasury has passed a proposal to add more Treasury Members
2. Applications are reviewed by the Head Treasurer & Brought before the Treasury Members in a meeting.
3. Treasury Member Applicants are discussed & or brought before the Treasury Members during the meeting. Applicant will not be present for the whole meeting or during Treasury Vote.
4. Treasury Applicant is voted on to become a Treasury Member if one Treasury Member asks for a vote.
5. Treasury Applicant is formulated into a Treasury Member Addition Proposal and submitted to the Head Treasurer for vote at the next meeting.
6. Only 1 proposal, 1 applicant can be vote on at a time.
7. Head Treasurer posts the proposal for vote & all Treasury Members Must Vote yes or no.
8. Treasury Applicant is approved with a 60% vote.
9. Treasury Member Addition Proposal is sent to MN Treasury for approval if passed with a 60% vote.
10. MN Treasury approves or denies the addition proposal based on Treasury Code and the Head Treasurer is informed. If Approved, Treasury Member Addition Proposal is posted on the Treasury Webpage and email broadcast sent out.
11. Treasury 1 Year Probation Period is in effect from the date of the proposal ratification (Date MN Treasury Approves the passed proposal).
    ​(Treasuries may not discriminate on applicants based on race, gender, religion or other criteria that is not applicable to choosing an effective Treasury Member)

Removing a Treasury Member

1. Any Treasury Member may call a proposal to remove any of the Treasury Members including the Head Treasurer.
2. Proposal is sent to the Head Treasurer and brought to discussion at the next meeting. 
3. Each Treasury Member must speak for or against removal of this Treasury Member.
4. Proposal is then brought to a vote.
5. Treasury Member is removed with 60% vote.
6. Head Treasurer sends passed proposal for Treasury Member Removal to MN Treasury. MN Treasury adds proposal to the Treasury Webpage and removes the Treasury Member from the Members List, updates the email sequence, and sends out a broadcast email. A history is added showing how long this previous member served. 
7. 1 Year Treasury Probation is in affect from the date of Proposal Ratification (Date MN Treasury Approves the passed proposal - All approved if adhered to The Code).

Minimum Treasury Members

1. Each Treasury must have a minimum of 13 Treasury Members including the Head Treasury to operate, vote and allocate funds.

Maximum Treasury Members

1. There is no maximum for Treasury Members.

Treasury Member Refuses to Vote or Attend Meetings

1. Treasury Members create a proposal for removal of this Treasury Member and is submitted to the Head Treasurer
2. Treasury Member up for removal is contacted at least 3 times by the Head Treasurer to show up at the next meeting and have the opportunity to defend their absence or refusal to vote.
3. Meeting is held requiring each Treasury Member to speak for or against this proposal for removal. If the Treasury Member proposed to be removed is present, they are given the opportunity to present their case.
4. Proposal is created and voted on if one or more Treasury Members asks for a vote.
5. Head Treasurer posts the proposal for a vote.
6. If all Treasury Members vote and it passes with a 60% vote, the Treasury Member is Removed. If all Treasury Members vote EXCEPT the Treasury Member proposed for removal and the proposal passes at a 60% vote (Not including the missing vote), Head Treasurer send the proposal to MN Treasury for Approval. MN Treasury will approve, delay or deny the removal based on proposal circumstances. Max delay a proposal can have is 6 months.
7. Head Treasurer sends passed proposal for removal of Treasury Member to MN Treasury and the Treasury Webpage is updated including the proposal and removing the Treasury Member from the list.An email broadcast is sent out for Treasury followers, and the email sequence is updated. A history is made to show how long this member served.
8. 1 Year Treasury Probation is in affect from the Date of Proposal Ratification (Date MN Treasury Approves the passed proposal).

Treasury Member Dies

1. Proposal is drafted of death of Treasury Member and submitted to the Head Treasurer.
2. Head Treasurer attempts contact with this Treasury Member to confirm.
3. Head Treasurer brings proposal of death before the Treasury Members at next meeting and is discussed and evidence is presented.
4. Proposal is created and pushed to vote if one Treasury Member asks for it.
5. Proposal is voted on under the same criteria as a Treasury Member Removal requiring a 60% vote that this member is believed to be dead.
6. If proposal passes, Head Treasurer sends it to MN Treasury for approval. 1-3 months is took to review the evidence. MN Treasury will approve, delay or deny this proposal. If MN Treasury approves this proposal, Head Treasurer is notified and the Treasury Webpage is updated with the proposal of death, and the Treasury Member is removed and their history is added to the Treasury History Page. Email broadcast is sent out to Treasury followers, and email sequence is updated.
7. 1 Year Treasury Probation period is in effect from the date of the ratified proposal (Date MN Treasury Approves the passed proposal).

Head Treasurer Dies

1. Treasury Member notifies MN Treasury and MN Treasury will act as Head Treasurer to carry out the Treasury Member Dies sequence. Proposal will be submitted, MN Treasury will attempt to contact the Head Treasurer, Meeting will be held and each Treasury Member will present the evidence for or against.
2. Proposal is created and pushed to vote if one Treasury Member ask for it.
3. Proposal is voted on requiring a 60% vote (Not including the Head Treasurer)
4. If proposal passes, MN Treasury reviews the vote and approves, delays, or deny’s the proposal.
5. If Proposal is approved by MN Treasury, Treasury Webpage is updated with the proposal of death, the Head Treasurer is removed and they are added to the Treasury History Page.
6. 1 year probation period is in affect from the date of the proposal ratification (Date MN Treasury Approves the passed proposal).
7. After 1 year probation, MN Treasury hosts a meeting and proposal to elect a new head treasurer with each Treasury Member given the ability to speak their thoughts on who the next Head Treasurer should be.
8. Vote is held and popular vote decides the next Head Treasurer. Upon a tie, A second round of voting occurs with only votes allowed towards those in the tie. This continues until a Head Treasurer is elected by popular vote.
9. Head Treasurer is awarded the position and MN Treasury updates the Treasury Webpage, sends and email broadcast to Treasury Followers, and updates the email sequence.

If a Treasury Falls Below 13 Members

1. Treasury is unable to vote on proposals or allocate funds other than a Proposal to Add Treasury Members.
2. Proposal To Add Treasury Members is submitted to the Head Treasurer and discussed at the next meeting bringing up applicants.
3. 1 Proposal per applicant is ratified and voted on if one Treasury Member asks for it.
4. A 60% vote is required to pass adding a new Treasury Member.
5. If passed, Head Treasurer sends the proposal to MN Treasury to approve, delay or deny the proposal. If approved, Head Treasurer is notified and the Treasury Webpage is updated.
6. 1 year probation period is in effect for the treasury from the date of the ratification of the proposal (Date MN Treasury Approves the passed proposal).

Adding Treasury Members

1. Only 1 Treasury Member can be added at a time. One per proposal.
2. Each Treasury Member Added initiates a 1 Year Treasury Probation
3. Proposals adding multiple Treasury Members or multiple Proposals Voted on Adding Treasury Members at once are not valid. Only 1 Treasury Member is added at a time.

Proposal Clarifications

1. One Proposal per idea. Each proposal should be one complete and clear idea and not more than one idea. 
2. Passed proposal that exceed the Treasuries yearly budget will be denied.

Process for Head Treasurer Vote

1. A Treasury Member notifies the Head Treasurer to hold a Head Treasurer vote in the next meeting.
2. Head Treasurer drafts a proposal for a Head Treasurer Vote and brings it forward in the next meeting
3. Each Treasury Member is given a chance to speak about who they think Head Treasurer should be, including themselves.
4. Head Treasurer vote is ratified and pushed to vote if one Treasury Member asks for it.
5. Head Treasurer Proposal is voted on by popular vote, either in meeting or through secure voting. Votes are public to the Treasury Members and tallied and counted. If a tie occurs, a second round of voting occurs only allowing votes for those in the tie. Popular Vote Wins.
6. Head Treasurer sends the passed proposal to MN Treasury and the Treasury Webpage is updated. (Proposal must be submitted even if the same Head Treasurer is elected)
7. New elected Head Treasurer is handed the role immediately.
8. 1 Year Probation Period for the Treasury is in effect from the date of the ratification of the Head Treasurer Proposal Vote if a new Head Treasurer is elected. If the current Head Treasurer is elected, the Treasury functions as normal.

Treasury Schedule

1. Each Treasury Schedule is unique to each Treasury and set by the Head Treasurer.
2. Members who cannot attend meetings must notify the Head Treasurer in advance. 
3. All Treasury Members must be present to create and push a proposal to a vote.
4. Meetings with partial attendance are not official but permitted for discussion or Treasury Bonding.

Proposal Submission

1. Proposals are drafted and submitted to the Head Treasurer by any Treasury Member
2. The Head Treasurer brings this proposal forward in the next meeting giving the proposers time to present their ideas.
3. A discussion round is held giving each Treasury Member a chance to speak for, against or propose changes.
4. The proposal is created and pushed to a vote if one Treasury Member asks for it.
5. Treasury Members should aim to approve only clear and complete proposals.
6. Proposal is passed if a 70% vote occurs with every Treasury Members vote required.
7. Head Treasurer sends the Proposal to MN Treasury to be approved or denied. Proposal in effect immediately upon MN Treasury Approval.
8. MN Treasury notifies the Head Treasurer of Proposal Decision.
9. Approved Proposals are added to the Treasury Webpage, Broadcasted in Email Broadcast to Treasury Followers, and Mailed to Treasury Followers.

Proposal Removal

1. A proposal is made and sent to the Head Treasurer to remove a previous proposal.
2. Head Treasurer brings this proposal forward in the next meeting and the proposers present their ideas. Each Treasury Member is asked to speak.
3. The Proposal is ratified and pushed to vote if one Treasury Member asks for it.
4. If proposal passes with a 70% vote, Head Treasurer sends this proposal to MN Treasury to update the Treasury Webpage. This new proposal goes into effect immediately removing the previous proposal.
5. Head Treasurer sends the passed proposal to MN Treasury to update the Treasury webpage and update Treasury Followers.
6. The Treasury Webpage will still show proposal history.

Proposal Criteria

1. Proposal must be numbered. This is organized by the Head Treasurer
2. Proposal must be clear and finalized before creation and vote.
3. Proposal includes the creation date (Date finalized before vote is held).
4. Proposals are documented and saved by the Head Treasurer. All; passed, failed, and those that were never voted on.
5. Proposals cannot contradict.

Meeting Criteria

1. Must be at least 1 official meeting a year even if on probation.
2. All members must attend.
3. Meetings are private for Treasury Members only.
4. If recordings are taken, they remain private.
5. Head Treasurer records a public log book of each meeting that passes on from Head Treasurer to Head Treasurer with new elected.
6. All Treasury Members are to be respected even if your views are different. 
7. Meetings should be under 3 hours.
8. Meetings are to be scheduled 30 days in advance or more.
9. There can be no more than 20 official meetings per year.

Handling Treasury Followers and Community

1. Each Treasury can handle and interact with their community as they see fit. MN Coin provides a base for the community to interact and gather information on the Treasury.
2. Treasury Community Events Are Allowed.
3. Having Unofficial Social Media Accounts for your Treasury Community to join is permitted.

MN Treasury

1. MN Treasury is the parent treasury for all MN Hosted Treasuries.
2. MN Treasury has restrictive oversight to Approving or Denying new Treasury Members, Approving or Denying Treasury Proposals, and stepping in to fill a roll if a Treasury Member fails in their duties. 
3. Funds Allocation is verified to be within budget, then fund transaction is executed from the Treasuries Multi-Signature Treasury Contract Address. MN Treasury absorbs execution transaction costs.
4. MN Treasury can vote any Treasury Member’s Removal with a 60% vote from MN Treasury Members. Follow the code.
5. MN Treasury is the Empire, we patrol with a Death Star.

Child Treasury Formation

1. Proposal is submitted to the Head Treasurer to form a Child Treasury under the current Treasury.
2. Head Treasurer brings the proposal forward at the next meeting and the proposers are able to present their ideas.
3. Each Treasury Member speaks on their ideas.
4. Proposal is created and pushed to vote if one Treasury Member asks for it.
5. Child Treasury Formation requires a 90% vote to pass.
6. Head Treasurer sends the passed proposal for a Child Treasury to MN Treasury to be approved, delayed, or denied.
7. If Child Treasury Proposal is approved, Head Treasurer is notified and the Child Treasury is in effect from the ratified proposal date. A Treasury Webpage is made and updated.
8. MN Treasury will select the first 13 Treasury Members from Treasury Applicants.

Child Treasury Criteria

1. You cannot serve on two Treasuries, only one at a time.
2. Child Treasury is on probation for 1 year from proposal ratification.
3. Child Treasury must follow the Treasury Code.

Parent & Child Treasury Relationship

1. Parent Treasury governs its relationship with the Child Treasury through approving their passed proposals proposals. Note: approved proposals are sent to MN Treasury for final approval if Parent Treasury approves the proposal.
2. Each Parent and Child Treasury can function differently based on proposals.
3. Parent Treasury is to observe Child Treasury for Code violations and work with to correct or submit them to MN Treasury.
4. Each Child Treasury operates within the Parent Treasury’s domain, a mutual relationship will develop through time.
5. Parent Treasury Members cannot attend Child Treasury Meetings, Parent Treasuries can offer ideas to Child Treasury Members that they could discuss or create proposals for.
6. Each Treasury is expected to act independently. 
7. Unofficial meetings between Treasuries are permitted.

Laws and Regulations

1. You are required to act in your best faith to all laws in areas your treasury may operate. If you act in good faith and the best interest of MN, we will stand by you and behind your decisions.
2. If contacted by law enforcement or governmental agencies of any kind, report it to MN Treasury.
3. If you know of laws being broken through your Treasury or others, report it to MN Treasury.

Treasury in a Probation Period

1. 1 gathering meeting a year is still required keeping the Treasury Members aligned. There is no limit for maximum.
2. Can discuss future proposals and allocations but none can be created, pushed to a vote or voted on.
3. Can discuss adding or removing Treasury Members but proposals cannot be created and voted on until probation period is up. Adding or Removing a Treasury Member will again trigger a 1 year probation period.
4. Meetings are held by the Head Treasurer.
5. Gatherings outside official meetings are permitted and do not have to adhere to the Treasury Code.

Treasury Member Removal

1. Treasury Member is removed from a Treasury by a proposal
2. 1 Year Probation is added to the Treasury Member from being approved to join a Treasury as a Member.
3. Treasury Members must be voted off as a Treasury Member, you cannot leave unless voted off. You can state that you wish to leave and ask everyone to vote you off.
4. Joining a new Treasury after Removal; You can apply to any Treasury at any time (While on the Treasury or not), a proposal to add you as a Treasury Member can not be created and voted on until your 1 year probation period is up.

Adding or Removing Multiple Treasury Members In A Year

1. This is not permitted.
2. Treasury Members are added or removed one at a time, each administers a 1 year probation period.

Limit on the Number of Proposals in a Year

1. None. 
2. Only adding or removing Treasury Members administers a 1 year probation.

Limit of Proposals that Allocate Funds From The Treasury in a Year

1. None (Each Transfer Requires a Transfer Fee - MN Treasury Validators Cover the Full Cost)
2. Allocations cannot exceed the Treasuries Budget (1% of previous year ends MN Balance)
3. The more proposals allocating funds submitted, the longer the delay of approval/delay/denial of funds.

Proposal Has Passed

1. Proposal is passed. MN Treasury sends out a broadcast email and updates the Treasury webpage.
2. Head Treasurer works with the Treasury to develop a broadcast email for the Proposal explaining it and shows the full proposal. Broadcast email is finalized and voted on requiring a 60% vote if one Treasury Member asks for it. Once Broadcast email explaining the proposal is complete or passed, Head Treasurer sends it to MN Treasury to be broadcasted out.
3. Each Proposal Requires 3 Broadcast Emails:
1. Proposal Formation and Explanation - Immediately
2. Proposal Update - 1 Year
3. Proposal Update - 10 Years

Treasury Yearly Update

1. Drafted and sent to the Head Treasurer - Voted on, drafted and re-voted on till 100% accepted.
2. Head Treasurer sends Treasury Yearly Update to MN Treasury for broadcast.
3. This is not a proposal and is done even when Treasury is on probation.

Treasury Proposal Allocating Funds

1. Proposals can only allocate funds within the yearly budget
2. Proposals can only allocate funds for the current year. (Proposals cannot allocate future years budget)

Treasury Code Violations

1. Treasury is found to be in violation of Code
2. Treasury Validators Lock their Treasury and no new proposals or actions can take place until the Treasury is brought back into alignment with the Treasury Code and out of probation.
3. Validators Function when Treasury Code is aligned.

Treasury Members Salary

1. A Max of 1% of the Treasury’s Yearly Budget can be allocated to Treasury Member Salaries in MN
2. Only MN can be issued as a Salary
3. All Treasury Members Salaries Are to be Equal including the Head Treasurer
4. Only one Treasury Members Salary Proposal may be issued each year
5. Treasury Members are responsible for any taxes or dues expected on this income.
6. Treasuries are not required to issue Salaries to Treasury Members and this only happens if a Proposal is brought forth and passed.
7. Treasury Salaries are only issued when the Treasury is Active (Not on probation)

Treasury Currency Denominations

1. Treasuries are denominated in MN
2. All other coins are ignored

Treasury Violations or Outside Enforcement

1. If Treasury Violations occur repeatedly or on purpose, including attempting outside enforcement or control of the Treasury through judicial means, Treasury will be burned and terminated.