Section 1. All enterprises under joint-stock ownership, and operating in the sovereign territory of the United States of America, shall be operated in accord with the principles of capital equity and stockholder democracy. Contributors of money, or of other capital property, for the purchase of shares of the common stock of an enterprise, shall have the right to nominate and to elect directors to the board of directors of that enterprise, to promulgate and to vote upon owner resolutions, and to vote upon other important matters, including compensation for directors and for senior management, on the basis of one vote per share of common stock owned. The results of such owner elections shall be binding upon enterprise management.
Section 2. Citizens who suffer the infliction of external costs upon themselves in their places of residence, by a local operating unit of an enterprise, shall acquire thereby externality equity in said enterprise, as a collective property right. That property right shall be exercised as a voting right in the nomination, election, and potential recall, of public directors to a board of public directors, constituted as a second house of the management committee of that local operating unit, which second house shall negotiate with the first house thereof for the mitigation of the external cost burdens generated by that unit, and on the rate of taxation for the externalities still permitted to that unit, which taxes shall fund the operations of that public board for the remediation of those externalities. Each local operating unit public director nominee, to be elected, must receive a majority of the votes of the electorate for that unit. The apportionment of public board electorates, and the determination of the number of citizens of local operating unit electorates to be represented per public director, shall be re-determined annually by majority vote of the citizen-elected County legislative body in which the local operating units reside. The operations of the public boards of directors in general shall be funded by a tax paid by each enterprise local operating unit, levied to offset the public hazard of potential externality production created by its existence. Each citizen member of the local electorate of a given public board shall have the right to bring one or more complaints to that board, alleging externalities suffered by that citizen, or by the entire electorate to which that citizen belongs, and alleging that those externalities are produced by the enterprise local operating unit which is co-governed by that public board. Confirmation of said allegations by majority vote of that public board shall empower it to negotiate with the first house of the management committee of that unit for the mitigation, or for the remedial taxation, of the confirmed externalities production. Congress shall provide, by statute, for a system of federal circuit courts, the Tribunals for Externality Equity, with publicly-elected, recallable justices, and citizen juries, to adjudicate cases where externality production or taxation negotiations between the two houses deadlock. The losing party in such adjudications shall pay the costs of the adjudication.
Section 3. The Citizen Externality Equity public directors of the local operating unit level may organize associations of public directors at the municipal, county, and regional levels, one association for each municipality, county, and region, and one national association of public directors, and may participate also in continental and global associations of public directors. All such associations shall be constituted for the purpose of coordinating policy, and of expressing the will of their publics, regarding larger-scale economic geography, and social morphology, beyond the scale of the enterprise local operating unit, on an advisory, non-binding, voluntary basis with respect to the actions of the local operating unit public directors. Each representative to such an association who is empowered to vote on its policy resolutions, and who represents a geographical unit within the United States of America, shall be nominated by, annually elected or re-elected by, and recallable by, majority vote of the entire public directors electorate of the geographical unit represented, on a one citizen, one vote basis.
Section 4. Congress shall endow, for every citizen child born after the date of ratification of this Amendment, a lifetime social trust fund, sufficient to support, in whole, or at least in substantial part, the expected lifetime healthcare, education, home purchase, retirement pension, and other social-baseline life necessities of that new citizen, with that citizen's disposition rights over those societal funds limited so as to avert their misuse. The Citizen Birthright Equity trust fund of each citizen so endowed shall remain social property until its funds pass into the personal property of that citizen through their lawful expenditure.
Section 5. Each adult citizen shall have the Citizen Stewardship Equity right to participate in the formation and management of associations of producers in the form of Citizen Stewardship Equity producers' cooperatives, whose boards of directors shall be nominated, elected, and potentially recalled, by their citizen members, on a one citizen, one vote basis. Each citizen member of such a producers' cooperative shall have the right to contingent compensation in the form of an equal share in the profits of that cooperative enterprise, and also to stipulated compensation, at an hourly rate set by the cooperative enterprise board of directors, and not necessarily equal to that received by other citizen members. Congress shall, by statute, set forth the detailed rules of producers' cooperative self-governance. Furthermore, Congress shall institute an Office of the Custodian of Social Property, to procure, under competitively-bid contract, from qualified producers' cooperatives, or to directly produce, standard plant and equipment assets for each Citizen Stewardship Equity producers' cooperative which qualifies for stewardship of said assets, and which formally applies to the Office for provision of such assets. Producers' cooperatives receiving means of production assets in stewardship from the Office shall return a rent to society, proportionate to the value of those assets, paid to the Office. That social rent shall help to support social self-investment in the form of production of means of production social property, and of public infrastructure social property, as well as in the form of the Citizen Birthright Equity trust funds. Qualified producers' cooperatives shall have the right to procure non-standard means of production from the Office, given the endorsement of their means of production designs by a social bank cooperative. Producers' cooperatives shall be free to procure their own means of production, standard, or of their own design, directly, from providers other than the Office, by means of their own resources. The Office shall duly re-provision qualified Stewardship Equity producers' cooperatives who formally apply for this service, holding, in stewardship, no longer Office-standard assets, with new, Office-standard such assets, when the Office's standards change, and with return of the previous provision to the custody of the Office by such cooperatives. This re-provisioning service shall be offered in return for premiums, paid to the Office, by such cooperatives, for insurance against changes in Office standards, owing to technological obsolescence of the previous standards, or to advances in safety features, or in social best practices otherwise. Such Citizen Stewardship Equity producers' cooperatives shall be eligible for such provisioning and re-provisioning services, if qualified for the granting, in stewardship, of Office social property, by certain other Citizen Stewardship Equity cooperatives, certified by Congress as competing social banks, and granted stewardship of financial assets social property, for use in the purchase of production assets from the Office, for transfer to the stewardship of the qualified non-bank producers' cooperatives. Congress shall allocate financial assets social property to the qualified social banks in accord with an equal per capita availability by state, pursuant to the principle of Citizen Allocational Equity, unless unequal allocations are permitted by majority vote of a referendum of all citizens of the United States of America, and only on a temporary and remedial basis. The first house management committee of each local operating unit of each Citizen Stewardship Equity cooperative enterprise shall be nominated by, elected by, and potentially recallable by, the citizen collective self-employees of that local operating unit, on a one self-employee, one vote basis. The second house of each such management committee shall be its Citizen Externality Equity based board of public directors. Congress shall provide, by statute, for a system of courts, the Tribunals for Cooperative Production, with publicly-elected, publicly-recallable justices, and citizen juries, to adjudicate cases where petitions to said Office for revisions of standard are in dispute among Citizen Stewardship Equity producers' cooperatives. The losing side in such adjudications shall pay the costs of the adjudication. In the event of the insolvency of a Citizen Stewardship Equity cooperative enterprise, the social property held in stewardship by that cooperative shall be returned to the custody of the Office of the Custodian of Social Property. The liability of an insolvent cooperative to its creditors shall be limited to the value of the totality of its non-Stewardship assets.