Aur ac Arian Society was founded on February 12, 2020 with one mission, to help and aid nations in the ever-volatile world of Orbis. Since then, the bank is steadily growing day by day and we aspire to help out more nations as we expand our assets and services. The Aur ac Arian Society offers the following services: savings account, investment account, loans, shares, personal vault, and offshore bank.

Shareholders

Selling our Original Shares

You can directly buy a part of the Aur ac Arian Society by purchasing shares. Shares entitle you to a direct, equitable stake in the success and operations of Aur ac Arian. Owning shares allows you to be directly involved in shaping our future for both you and all of our other Shareholders and clients.

  1. As Bank of Rohan, we listed 50% of the company through 10 million shares.
  2. We originally sold each share for $100.00 per share. The sale of shares created an initial market value of $2 billion. All of the shares were purchased, and Rohan received $1 billion in cash.
  3. On 28 April 2020, Board Decision 04286 merged every 10 shares into 1 share. This reduced the total number of shares sold down to 1 million.
  4. Shareholders receive dividends of up to 30% of our profits, distributed quarterly. These dividends are distributed automatically to the shareholder.
  5. In the unlikely event that a Shareholder is unable to accept their dividends at the time of dispersal, they are required to designate an alternative location for that dispersal. If a shareholder has not provided their nation link, they will be ineligible to receive dividends.
  6. We do not impose a cap on the number of shares that may be owned by a single individual.
  7. We do, however, mandate that the seller logs their transaction in #share-receipts of our Discord server, and also pinging the Board of Directors role so that the transfer is properly recorded. It is the responsibility of the Buyer to ensure that the person they are acquiring the shares from records this transfer. Aur ac Arian is not responsible for a Seller failing to record the sale of their shares.

Bank's Right to Buy-Back

  1. The bank reserve the right to buy back shares at any given time from any Shareholder for any reason.
  2. All shares, regardless of trading price or asking price, will be valued at $100 per share in cases of bank buyout.
  3. Individuals who have a total of 500,000 shares and above will automatically be a Board Member of the bank.

Board of Directors

Calendar and Scheduling

This schedule exists to clarify when certain events are to take place. It also serves to define specific terms related to those events.

When is the quarter When are they elected When do they start & when are dividends paid
1st Quarter: January, February, and March 3rd Full Weekend of December 1st of January
2nd Quarter: April, May, and June 3rd Full Weekend of March 1st of April
3rd Quarter: July, August, and September 3rd Full Weekend of June 1st of July
4th Quarter: October, November, and December 3rd Full Weekend of September 1st of October

The Shareholders Quarterly elects the Board of Directors. Elections happen on the third full weekend (Saturday and Sunday) of the third month in each quarter. The newly elected Board serves from the 1st day of the new quarter to the last day of that quarter. The time between election and seating creates an overlap to ensure continuity and adequate transfer of information. Dividends are paid on the 1st day of the new quarter.

Shareholders

All shareholders are entitled to vote on major changes, as determined by the Board of Directors. All day-to-day matters and responsibilities are entrusted to their representatives in the Board of Directors.

  • Shareholders are solely entrusted with the power to amend or alter this Charter. Any vote will require a 2/3rds majority of the owned shares, numerically represented as 666,667 shares. Any fewer shares voting in favour of the measure will fail the measure.
    • In the event that the Board of Directors is in possession of the prerequisite majority, the Board may choose to forgo a special session to amend the charter.
  • In all voting matters, except where explicitly stated and defined, each share casts a single ballot. In short, 1 share = 1 vote.
  • For all other voting matters, a participation quorum of no less than 2/3rds of the owned shares must cast ballots for the voting to be valid. Quorums are calculated for the entirety of the session called.
  • If a quarterly election for the Board of Directors fails to achieve the required quorum, the previously sat Board of Directors shall remain in place for the new quarter.

Authority

The Board of Directors (The Board, BoD) is the shareholders' voice in the company. They are responsible for;

  1. The election, appointment, removal, termination, reinstatement, and regulation of all corporate officers.
  2. Reviewing corporate assets and working with the appropriate individuals in management to improve their efficiency.
  3. Ensuring that Aur ac Arian as a whole is managed well and its health as a company is maintained and that any assets are also sustainable.
  4. Overall management of the assets and portfolio, including overseeing the acquisition and sale of Aur ac Arian assets, including businesses and intellectual rights.
  5. The responsibility and authority to approve or reject any actions taken by the Executives; ensuring that the Shareholders and Aur ac Arian's interests are maintained.
  6. All other powers not otherwise specified to the Shareholders or other officers are reserved and preserved in the Board of Directors. At its exclusive decision, the Board may delegate any other powers or authorities to any individual as deemed necessary or appropriate.

Makeup of the Board

The Board consists of seven individuals who are elected quarterly by the Shareholders. The Shareholders' representatives who are elected are required to maintain shares. If a Board Member sells all of their shares, resigns, or is removed from their position, the Board will elect another Shareholder to take over the seat for the remainder of the term.

The Board Members elect from their ranks a Chairperson, who will serve as the coordinator of all Board activities, including starting discussions, summarising the decision in the accountability report to the shareholders. They will further have the responsibility for overseeing any Board voting and settling any disputes within the Board. The Board may, at its discretion, elect a new Chair at any time from within their ranks. To better assure continuity, the Chairperson is forbidden from selling any shares they own in the company for the duration of their term as Chair.

It is the responsibility of the Board of Directors to determine how they will calculate the results of their voting at the beginning of each quarter. They may choose to follow the "one person, one ballot" convention, the "one share, one ballot" convention, a mixture of those two, or any other method that they may choose. Explicitly when determining how the Board will calculate a vote's results, the "one person, one ballot" convention will be used.

Election to the Board

At each quarterly meeting, it will be the responsibility of the Chair to oversee the election of a new Board of Directors. During this process, any Shareholder who wishes to stand for election must notify the Chair. It is then the Chair's responsibility to sufficiently inform the Shareholders of the Candidates, and make a channel available for the Shareholders to question their compatriots who hope to represent their interests on the Board if desired by the candidates.

At the prescribed time, voting will proceed for 48 hours or until 75% of all shares have cast ballots and the remaining 25% of shares will not change the makeup of the Board. Each share owned entitles the shareholder to a single ballot.

When a special session is necessary, the Board will make the decision and instruct the Chairperson of the Board to convene the shareholders to conduct the business at hand. The Board will also decide how the vote will be held, using the same method as outlined previously. The only exceptions to this are for a special session to amend this document, which only allows for the "one share, one ballot" convention to be used, and when electing the new board quarterly as outlined above.

Board Members

From
1 July 2020

Robert Ap Ioan

Chairman

 

Until
30 September 2020

Arkin

President

Chris Brown

 

Doley McDolenson

Deputy Chairman

Greene

Spokesman

Lucianus

 

Sidd

Officers & Leadership

All employees, including officers, are employed by the Board of Directors on behalf of the Shareholders. This section is technically not part of the Charter (and therefore not subject to the amendments clause), as the Board needs to be able to adjust to the changing demands of our company without the additional necessity of amending the entire Charter.

  • The President is tasked by the Board of Directors with managing the day-to-day operations of Aur ac Arian, and ensuring that all matters are attended to with the greatest of detail possible. They are primarily focused on maintaining our standard of excellence that all of our employees and customers expect and deserve.
  • The Director of Operations is tasked by the Board of Directors with managing our financial health and wellbeing, and ensuring that any assets are managed with the utmost efficacy. They are primarily focused on ensuring that our non-banking investments are performing at peak efficiency, and the institutions we invest in are adhering to our standards and expectations of exceptionalism.
  • The Director of Development is tasked by the Board of Directors with identifying opportunities for growth both within our company as well as opportunities for external expansion. They are expected to generate plans that the Board may approve to grow Aur ac Arian and enhance our value to our shareholders and our clients.

Products

Lending

The Aur ac Arian Society has a long history of low lending rates to our customers. We're simplifying our entire lending terms and policies, and making them public so that everyone can know, at a glance, what they can expect before they apply for a loan. By having all of our rates clearly stated, we can avoid compromising situations. We won't offer any sweet-heart rates or terms, and our lending system is non-negotiable. We're very fair, and we expect our customers to respect our integrity by not asking for special favours or circumstances.

1% for each of the A's

With the Aur ac Arian Society, you always know exactly what rate you'll get with a loan: 3%. Regardless of how much you're looking to borrow...

  • New customers are eligible for loans up to 4 weeks long
  • Returning customers are eligible for loans up to 5 weeks long
  • Long time customers are eligible for loans up to 6 weeks long

Need more time?

You can add an extra week for each of the following:

  1. If your alliance is protecting the Taith alliance
  2. If your loan is Co-Signed by a Top 50 Alliance OR If your loan has at least 30% collateral
  3. If one of our Board Members voluntarily vouches for you.
  4. If your loan will only be paid back via Express-Transfers (Bank-to-Bank, directly to the Taith alliance bank)
  5. If you're a Shareholder in Aur ac Arian or Spera Services
  6. If you beat the Texas Astros in a game of Baseball before you put the request in.

What happens if you're late?

When you borrow money, you're guaranteeing that you are going to pay back your debt, including the applied interest, without delay or interference. While we're absolutely willing to work with you if you run into a bad situation that's not of your own making, should you abuse our hospitality, or renege on your obligations, we'll make use of any and every means at our disposal to recover whatever we're able to do.

Co-Signers are equally responsible for the debts, and for the conduct of the primary borrower. The borrower is required to remain in our server for the duration of their loan. If they leave, that's recognized as an immediate default. No questions asked.

We will apply a $1 million per day late fee to all loans.

How we calculate the loan's balance and weekly repayment schedule

Our loans are calculated in a very simple way. What we do is at the beginning of the loan, we log both the principle and the entire interest, as determined using the below formula. Then as you make your repayments, you're first paying off the interest and then you're paying off the principle.

Interest = Principle Balance × 3% × Weeks
Weekly Payment = ( Principle Balance + Interest ) ÷ Weeks

Savings Accounts

The Aur ac Arian Society closed all of our Legacy Savings accounts as part of our restructuring in the post-Isildur era. These savings accounts were not designed to withstand the tests of time, nor were they designed to be managed efficiently. Right now we are not offering savings accounts. In the future, once we've restored our future, and we've stabilized our company for the long haul, we'll be making two different types of accounts available. You can learn more about our plans for them as we start working on developing them here.

Valley Savings (1.5% Weekly)

Mountain Savings (3% Monthly)

Long-term Investments

The Aur ac Arian Society has always offered bonds in a responsible way. Moving forward, we will continue to do so. We will only ever accept a bond if we feel we can use the money. We never want to take on new debts (which is what a bond really is) if we don't actually need the money, since doing so directly harms the Equity Share Value, and reduces our company's value for our Shareholders.

4% on a 12-week Bond

Our staple has always been to offer 4% interest on a 12-week bond. We're not changing that. Historically we've capped the per-customer investment at $50 million pre-interest. We're not interested in changing that.

The Specifics

  • 1.04 x your investment returned to you at the end of 12 weeks.
  • You may only invest a maximum of $50 million.
  • We reserve the right to decline your investment
  • If we no longer need your funds, we reserve the right to, at our sole discretion, return your investment as well as the earned interest up to that point.
  • We will not accept an investment from a company or an alliance. Every investment is owned by an individual.
  • No bondholder may transfer their rights or ownership of their bond.

Mutual Fund

The Grove Elite Mutual Fund (GEM Fund) is a portfolio built from pooled funds to achieve returns through diversification. This pooling of funds means that we use investment capital from multiple investors to invest in securities that fit our specific strategy: making you money. This product originated with Grove Investments, which merged with Aur ac Arian on 3 May 2020.

To help maintain the safety and overall health of the GEM Fund, we mandate that our clients adhere to the following;

  1. Each client must invest at least $2 million; this allows us to reduce overhead, keeping our costs down and your returns up.
  2. We have implemented a minimum three-week waiting period for any liquidation or withdrawal; this allows us the time to process the withdrawal in a way that does not cost our other investors money.
  3. Aur ac Arian retains a $1 million + 6% processing fee on all withdrawals. We also assess a 2% management fee on the GEM Fund monthly, which allows Aur ac Arian to continue to employ the most efficient individuals to make you the most money.
  4. As with all investment options, the possibility of loss is a risk that you will have to consider. We will always endeavour to maintain the highest yield possible without significantly risking your money. We will not provide you with a money-back guarantee.