Florin Council

The Florin Council is the governing body of the shilling, having predated it by many months.

History
The Florin Council was created sometime in October 2019, and was named after the first currency it created, the florin. It quickly grew and also acquired the ragkno, a rival currency. The Florin Council was also an actual council, with 3 core members deciding the future of the currencies. The florin and ragkno slowly died out to disuse.

With the establishment of the shilling on 5 February 2020, rather than creating a new establishment, the Florin Council was revived and retained its original name. Unlike then, however, the Florin Council is only a council in name; it only has 1 official member. This may change in the future though.

On 18 February 2020, following the First Emancipation, the council was turned into a publicly traded company on the Shilling Stock Market. Its banking division was turned into the Bank of Corona.

Expansion
The Council began expanding its reach on 27 February 2020, with it granting $100 to a person in order to "franchise" the shilling elsewhere.

Structure
Following the passage of the First Emancipation on 18 February 2020, the Florin Council has been structured as a company. It follows a special subdivision of the Sejm Shareholding System called Page-Brin S3, in which the top 4 shareholders get a seat on the Council, with a fifth seat permanently held by the CEO. All members have equal say in matters. This was made give the public more control over the whole system, but also to prevent complete takeover by other people.

The company also allows creating franchises, with the first franchise being established on 27 February 2020.

Services
The organization provides services for companies joining the stock market, and acts as the judge in court cases and lawsuits. It pays out the subsidy earned by being in the Sejm Shareholding System, and in exchange collects taxes. It also has the power to try people and companies for illegal acts.