BRIT/POL GET IN HERE
IS THIS REALLY OLD NEWS DID IT SLIP UNDER THE RADAR
WE NEED MORE PEOPLE TO KNOW ABOUT THIS!!
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Article 8 (1)
The authorised capital stock shall be EUR 700 000 million
Article 8 (2)
The authorised capital stock shall be divided into paid-in shares and callable shares.
The initial total aggregate nominal value of paid-in shares shall be EUR 80 000 million
Article 9 (3)
ESM Members hereby irrevocably and unconditionally undertake to pay on demand any capital
call made on them by the Managing Director pursuant to this paragraph, such demand to be paid within seven days of receipt.
Article 10 (1)
It may decide to change the authorised capital stock and amend Article 8 and Annex II accordingly
We can change the amount to any number we want
Article 32 (1)
To enable the ESM to fulfil its purpose, the legal status and the privileges and immunities
set out in this Article shall be accorded to the ESM in the territory of each ESM Member.
The ESM shall endeavour to obtain recognition of its legal status and of its privileges and immunities in other territories in which it performs functions or holds assets.
Article 32 (2)
The ESM shall have full legal personality; it shall have full legal capacity to:
(a) acquire and dispose of movable and immovable property;
(b) contract;
(c) be a party to legal proceedings; and
(d) enter into a headquarter agreement and/or protocols as necessary for ensuring that its legal status and its privileges and immunities are recognised and enforced.
Article 32 (3)
The ESM, its property, funding and assets, wherever located and by whomsoever held,
shall enjoy immunity from every form of judicial process except to the extent that the ESM expressly waives its immunity for the purpose of any proceedings or by the terms of any contract,
including the documentation of the funding instruments.
Article 32 (4)
The property, funding and assets of the ESM shall, wherever located and by whomsoever held,
be immune from search, requisition, confiscation, expropriation or any other form of seizure,
taking or foreclosure by executive, judicial, administrative or legislative action.
Article 32 (5)
The archives of the ESM and all documents belonging to the ESM or held by it, shall be inviolable.
Article 32 (6)
The premises of the ESM shall be inviolable.
Article 32 (7)
The official communications of the ESM shall be accorded by each ESM Member
and by each state which has recognised the legal status and the privileges and immunities of the ESM,
the same treatment as it accords to the official communications of an ESM Member.
Article 32 (8)
To the extent necessary to carry out the activities provided for in this Treaty,
Article 32 (9)
The ESM shall be exempted from any requirement to be authorised or licensed as a credit institution,
investment services provider or other authorised licensed or regulated entity under the laws of each ESM Member.
all property, funding and assets of the ESM shall be free from restrictions, regulations, controls and moratoria of any nature.
Whole of article 32 cant touch this, we will never be jailed, held in court or to any account
Any of our documents cant be used as evidance against us
and you cant enter our clubhouse even with a warrent
Article 35 (1)
Immunities of persons
1. In the interest of the ESM, the Chairperson of the Board of Governors,
Governors, alternate Governors, Directors, alternate Directors,
as well as the Managing Director and other staff members shall be immune from legal proceedings with respect to acts performed by them in their official capacity
and shall enjoy inviolability in respect of their official papers and documents.
I AM THE LAW
Article 36 (1)
Within the scope of its official activities, the ESM, its assets, income, property and its operations and transactions
authorised by this Treaty shall be exempt from all direct taxes.
We take your tax money but you cant tax us
TLDR
The board of governors
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