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PROVIDING A FRAMEWORK FOR
PRIVATE DEVELOPMENT ON THE MOON
Sales of property claims on
Luna, Earth's Moon, by The Lunar Registry as sole agent of
Lunar Republic, S.A., are conducted pursuant to the
Lunar Settlement
Initiative ("LSI") in support of the Kennedy
II Lunar Exploration Project.
Under the terms of the LSI,
property claims on Luna may be offered to private entities Note
1 in
order to finance the exploration, settlement and development of
the Moon and its resources. Through this program, not less than
95% of the sale price per acre Note 2
of property shall be deposited in
an escrow account that shall be controlled by an independently
elected Board of Directors. The Board of Directors, acting on
behalf of the property claimants, shall be solely responsible
for distributing and investing the funds in a manner that shall
successfully accomplish the goal of returning humans to Luna.Note
3
The LSI states that for a land
claim to be granted legal recognition and certification, a
human-based settlement must be established and permanently and
continuously inhabited on Luna. The location and population of
the settlement may change, as long as there continues to be an
inhabited settlement within the claim.
This settlement may
include, but is not limited to, temporary shelters and
structures; mobile or moveable vehicles or assemblies; permanent
facilities for research, mining, construction or human
habitation; tourist accommodations; and/or strategic
emplacements.
Upon the recognition and
certification of land claims, property owners shall be entitled
to inhabit and develop their property in any manner, subject to
any laws or statutes that may be established by the sovereign
and independent government of Luna, which shall be freely
elected by its citizens.
Property ownership on the Moon
shall be held as fee simple, with mineral rights extending to a
plumb depth of five kilometers below the height of average
terrain ("BHAT"), to be determined by in situ
engineering surveys.
Provisions shall be made for
the respectful conservation and preservation of Luna's
distinctive geographic features — especially major craters,
mountains and other unique formations — as well as the
historic landing sites of earlier visitors from the Luna,
Ranger, Surveyor and Apollo missions, as the legacy
of all humankind.
Note 1
— Private entity: An individual, corporation or consortium of
companies, which is not controlled by a sovereign state or
government.
Note 2
— Acre: Equal to 43,560 square feet or 4,840 square yards in
English measure. The metric equivalent is 0.4 (2/5) of a hectare
(4,047 square meters).
Note 3
— The balance of the sale price (not more than 5%) is retained
by the sales agent to cover basic expenses and payment
processing costs, exclusive of any shipping and handling
charges. These charges are paid directly by the customer and are
not included in the price of the property claim itself. These
charges may fluctuate depending upon the customer's choice of
shipping method and other market conditions.
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