Official Charter
for the incorporation of the
Bank of England
Purpose
The purpose of the Bank of England is to sell stock on the market in an initial public offering. Following that, the BoE will use the revenue generated to buy and sell stock on the global market for the purpose of generating a profit. The BoE will set aside 25% of yearly profit to fund future operation, while paying out the other 75% of our profit in dividends.
Ownership and Legality
The Bank of England is a separate legal entity from the Kingdom of London. The Kingdom of London holds, currently, 50% of the private corporation's stock.
Corporate Power
Our corporate power, which like NPC corporations any player can buy should they pay 10% of their income, is that the shareholder's worth per stock is multiplied 1.5 when we are handing out dividends, increasing the amount they get versus others.
Stock Merges and Stock Splits
Will not be an issue for the near future, but the corporation will from time to time announce stock merges and stock splits.
A stock merge means the amount of stock we currently have on market will halve, halving the true amount of stock a person has, doubles the prices of each stock, but overall each stockowner has the same amount.
A stock split means we're doubling the amount of stock we currently have on the market. Again, this doubles the amount of stock, halves the worth of each individual stock, while stockowners still have the same amount of money.
The goal of these operations is to maximize the capability of the Bank of England. Without affecting stockholders adversely.
Buying and Selling Stock
Buying stock from us carries a higher degree of risk than publicly-traded organizations, as well as offer a higher possibility of reward. For starters, since we are a privately-traded corporation, selling stocks mean the corporation buys up its own stock or selling the stock to others. Since BoE stock is rarer than other stocks, this may prove useful to remember.
Secondly, majority ownership into the company does not mean control of the company. It only means majority benefactor from dividend payout.
Conclusion
The Bank of England is a new entity on the international scene, and is less established than others. We here at the BoE believe that we are competently ran and can turn this into a lucrative investment for all involved.
Initial Public Offering
The Kingdom of London is investing $12 to help the start-up Bank of England. $1 per stock.
Catalonia is investing $2 to buy two stocks.
Rome is investing $1 to buy one stock.
9 more stock is available at $1 per stock.