The below rules were in place from December 2017 to August 2021.
1) The purpose of the museum is to buy, preserve, and exhibit discontinued items = artefacts.
2) The museum ceo (CistaCista) has full control of all assets. Cista2 is a donor of ISK and assets, but ISK can never transfer back to Cista2.
3) Artefact purchases are made by CC without consultations, but buy prices must remain public on this webpage.
4) No artefact purchase can exceed 50% of current combined wallet size
5) Shares: there are 10,000 shares. 5,000 can be sold at 5 sales of 1,000 shares, price of shares can go up.
6) The Museum is allowed to buy and sell certain trade items not intended for the collection, as the means to make income.
7) All profit from sales of trade items will be paid out each month as dividends to the totality of 10,000 shares. Any losses will be subtracted from profits of that month, but not from subsequent months.
8) The api of CC and the CMW must remain open for public scrutiny of isk flow
9) Share sales, collateralised loans, or any change to the governing principles, can happen only after shareholder vote.
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The below rules, with a double-wallet system, were in place from June 2015 to December 2017 (with some addenda in March 2017).
1) The purpose of the museum is to buy, preserve, and exhibit discontinued items = artefacts.
2) The museum ceo (CistaCista) has full control of all assets.
3) EVE Museum operates two main wallets. The divided structure ensures that donations and the share principals are not used on dividends and interest on loans (see wallet structure below *)
4) Artefact purchases are made by CC without consultations, but buy prices must remain public on this webpage.
5) When artefacts are bought, isk is drawn proportionally from the wallets. **)
6) No artefact purchase can exceed 50% of current combined wallet size
7) Shares: there are 10,000 shares. 5,000 can be sold at 5 sales of 1,000 shares, price of shares can go up.
8) Shareholders will be paid dividends based on the CC wallet size: 50% of current CC wallet size each month split between the 10,000 shares.
9) Except for purchase and payouts, isk can not be moved among museum wallets or back to Cista2 or to any other player
10) The api of CC and the CMW must remain open for public scrutiny of isk flow
11) Share sales, new collateralised loans, or a change to the governing principles, can happen only after shareholder vote.
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12) The Museum is also allowed to buy and sell certain trade items not intended for the collection, as a means to make income. Such trade items are bought and sold from the CMW and accounted for separetely. 13) All profit from sales of trade items will be paid out each month as dividends to the public shareholders only (not to the totality of 10,000 shares). Any losses will be subtracted from profits of that month, but not from subsequent months..
* Structure of wallets explained
There are two wallets. They differ in isk sources and sinks.
1) the wallet of CistaCista (CC),
2) Corp Master Wallet (CMW) (and wallet divisions).
CC wallet sources:
- Donations from Cista2
CMW sources:
- Share sales
- Donations from the public
CC wallet sinks:
- Artefacts bought
- Shareholder dividends
- Share buybacks
CMW sinks:
- Artefacts bought
- Share buybacks
- Any losses on trading items
For simplification, profits and dividends from trading items (CMW) not listed - any profits are always paid out as dividends immediately when each month ends.
Both wallets are combined only when artefacts are bought and when there is buyback of shares or loans. The structure is there to ensure that “your” money from your donations and from your share buys are used only for actual purchases, and not used on dividends and interest to other people.
**) Proportional buying. If there is e.g. 10 bn in CMW and 5 bn in CC, then the money spent on a purchase will be drawn from the two wallets in the proportions 2 : 1. Thus the proportions stay the same when items are purchased, but change when new money enters a wallet due to e.g. donations or share sales.
If the museum in the future decides to rent out use of locked down bpos, then that income could pass into the CC wallet and help in paying out dividends.
These rules of governance were laid down in June 2015. Rules 12-13 were added in March 2017 after a vote.