A Contract Given to Beatric Margo

Started by AsheandCinders, November 11, 2023, 09:00:07 PM

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AsheandCinders

A contract, slightly different than usual, is Provided to Beatrice Margo

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ACCOUNT CONTRACT

This Contract shall define the Terms of Agreement Between, The League of Purple (Represented Here by Beatrice Margo) Hereafter referred to as the Signatory, and the Office of The Sublime Bank, hereafter referred to as The Bank

Section 1) Obligations

Section 1) Obligations
1.a) The signatory shall be provided with an account with The Bank, for the purpose of storing their funds.
      1.b) The bank shall keep a record of the total funds of the signatory held by the bank.
      1.c)  Upon the request of Individuals Named by the signatory, provided funds may be withdrawn from the account, up to a limit of the total value of the held Dinars, the bank may choose to charge a fee of 1% of the withdrawn amount, up to a maximum of 500 Dinars.
2.a) The signatory shall be entitled to an initial interest rate of 1%(rounded down), to be deposited at the end of each two week period, this rate will be held for at least 4 subsequent terms, after which the bank may alter the interest rate upwards or downwards, to accommodate market standards.
      2.b) Accrued interest will be added to balance of the account.
      2.c) Interest will be determined over the lowest value that the account held during the two week period, over which interest will be paid.

Section 2) Terms and Conditions

1.a) The signatory recognizes and accepts the bank's sole discretion in further usage and availability of this document.
2.a) The bank will, should the signatory hold a valid notarized will with the bank, make a reasonable effort to fulfill the signatory's notarized will, held by the bank.
      2.b) Should the bank choose to, it may charge a fee of up to 20% of the total value of funds within the account prior to actioning the terms of the will for providing this service.
      2.c) Signatory's of the bank are entitled to a 20% discount for the notarization of their will services, if they choose to use the bank's service of notarization.
3.a) should the bank be unable to, despite reasonable efforts, establish contact with the account holder for extended periods of time, due to among other things, but not limited to: Exile of signatory, death of signatory, disappearance of signatory, and lack possession of a notarized will, then the bank will be entitled to seize remaining funds held in the account.
4.a) The signatory agrees that for all legal matters, funds held in the account of the bank may be used as the bank sees fit, without requiring prior approval of the signatory, the bank may among other things, invest, loan and make claims about the held funds. The signatory further agrees that it is not entitled to any gains or losses incurred by these actions.
5.a) The Bank will, in the event of the Signatory's loss of access to bank funds due to among other things, but not limited to: theft of funds held by the bank, death of representatives of The Bank, exile of representatives of The Bank, and disappearance of representatives of The Bank, reasonable efforts shall be made to see the bank made able to fulful the obligations laid out in section 1, Subsection 1.c within a reasonable timeframe after the request for withdrawl by representatives of The Bank, or individuals appointed for the purpose by The Bank.
      5.b) In the case of theft of banks funds, all legal responsibility for the loss of funds to the signatory shall lay with the individual, individuals, or organization that committed the theft.     
      5.c) The appointed individuals shall not be considered representatives of The Bank and therefore shall not be subject to any legal responsibilities, concequences or charges that may be raised against The Bank for the Action or Inaction of The Bank or the Appointed Individuals regarding the terms of this contract.
      5.d) Once all reasonable efforts have been made by the representatives or appointed individuals or Appointed, they may at their discretion choose to withdraw The Bank from this contract and any remaining obligations therein.


Signed
_____________
The Signatory


Countersign by Representative of the Office of the Sublime Bank.
Aaisha al-Samar

[close]

yaaaaay

The Signatory line is signed.

Beatrice Margo

yaaaaay

Deputy Chief Scribe Aaisha al-Samar,

With Sephidra Niridhe as the Purple League candidate, please add her to the Purple League Account as another Treasurer.

Please also send all treasurers a statement with a record of transactions and current account balance.

Live and drink, sincerely,
Beatrice Margo