The United Societies In Space, Incorporated
presents
the
International Space Development Bond
(Millennium Bond)
Copyright (c) 2003 USIS, Inc.
USIS Space Bond Fund
The United Societies In Space proudly announces the introduction of the International Space Development Bond. This financial instrument is intended to facilitate the commercialization of space by and for the private citizen and enterprise of Planet Earth. The International Space Development Bond is also called the Millennial Bond, in recognition of its' genesis very near the year 2000 Anno Dominum.
Under the umbrella of the USIS 501(c)(3), a fund will be established for space development under a carefully crafted plan for mankind’s off-world society. This incorporates space governance, space policy, and space jurisdiction as well as real-world engineering in tandem. An international character is intended. All funds raised by the International Space Development Bonds will be directed into projects that become incorporated into our off-world estate. USIS seeks to advance the day when anyone can become part of a space-faring society, a society governed by space settlers.
Bond Committee
The prospectus refers to a standing Bond Committee. These trustworthy individuals are bound by contract to monitor the collection of funds, the issuance of expenditures from those funds, and the repayment to bondholders. Realistic plans for the development of space will be funded and nothing else.
Structure of the Bond
The International Space Development (Millennial) Bond is a Corporate General Obligation Bond not guaranteed by any government. The bond is essentially unsecured and is considered a high-risk investment. The bond may be acquired as an investment, backed by Space Dollars, or as a tax-deductible donation.
The International Space Development (Millennial) Bond is a Zero Coupon Bond, which has the following attributes:
- There are NO interest payments during the working life of the bond,
The face value at maturity is the sum of the initial investment plus the accumulated and compounded interest.
The bond is considered to be an ethical investment with benefit to all mankind.
Tax aspect
Investments in any bond proferred by USIS Inc. are deductible in the year paid or accrued, less the value currently of any bond received by the investor. If an USIS International Space Development Bond is accepted by the donor, then the value of that bond on the day accepted must be declared as income or offset against the value of the contribution for Income Tax deduction purposes. On the closing sheet the donor may elect to waive any interest in the Space Money Club Security Fund in order to maximize current potential deductibility of the contribution.
Form of the Bond
Figure 1. Proposed Form of the Bond
The bond will require specialty paper stock to reduce the risk of counterfeit certificates. The addition of a printed serial number and holographic certificate registration will further assist with this concern.
This is a serial numbered issue and each bond has a unique number. The denomination of the initial issue is $100,000.00 (U.S.) and will indicate its pedigree with a marking of the year 2003 and Millennial Series One.
Distinction between Investor and Donor
Individuals who would like to participate in the USIS vision, yet would like to waive the responsibilities of managing an investment, are welcome as donors. Donors waive the security offered in the Space Dollar Reserve Fund with the Investment form of the Bond yet receive the identical issue of the Millennial Bond, suitable for framing.
Text of Bond
$100,000.00 30 Years
INTERNATIONAL SPACE DEVELOPMENT BOND
United Societies In Space, Inc., a Colorado non-profit corporation, promises to pay unto the HOLDER, __________________________________, of this International Space Development Bond, or unto order of the Holder, $100,000.00 thirty years hence from the date of issuance, subject to receiving the $5,000 USD or equivalent consideration, and in accordance with the Bond Prospectus attached hereto.
The Holder shall have and hold this promise to pay with warranty of title by registration, warranty of genuineness, and security on deposit of $100,000 space dollars as issued by United Societies in Space, Inc., for the Space Money Club of which this Holder is a member, for security purposes thirty years hence.
This Bond is a general obligation Bond of United Societies In Space, Inc., secured as provided in the prospectus, for security purposes, attached hereto, and administered by the Bond Committee. There are no verbal representations to the contrary and no promises beyond those stated. This is a high risk ethical Bond for the benefit of humankind.
This International Space Development Bond is issued to the Holder as stated above by issuer United Societies In Space, Inc., as provided in the Prospectus attached.
Date of Issuance: ________________________________________
Signatures of Authorized Agents.
___________________________________
USIS President
Declan O’Donnell, J.D.
___________________________________
LEDA President
Bradley Blair
___________________________________
SODA President
Gary Rodriguez
MILLENNIAL BOND SERIES ONE No. _____________________________
Registration
The Donor’s or Investor's name appears not only on the Bond, but also, on projects funded by Bond Proceeds.
Face Value
The face value of the bond should be the value of the bond at maturity. The purchase price of a $100,000 bond is $5000 and the difference in the denomination is the accumulated and compounded interest. Schedules of conversion after maturity will assist when cashing in the bond. Demands for bond redemption prior to maturity will not be honored.
Bonds which are purchased through the Annual Installment Plan are structured to reach a parity with the Direct Purchase Plan bond’s value within a few years, and then track in an indistinguishable manner thereafter. The Annual Installment Plan seeks to make the bond offering more affordable and improve the accessibility to the interested public.
Security
Space Money issued into a security fund by the USIS Space Money Club, an International Barter Club registered with the International Reciprocal Trade Association (IRTA) and accessible to approximately 600 clubs world-wide.
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Attribute Matrix |
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Donor |
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Investor |
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Single Payment |
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Price |
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$5,000.00 |
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$5,000.00 |
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Space Dollar Reserve Fund |
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- 0 - |
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$100,000.00 |
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1040 Deduction |
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$5,000.00 |
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- 0 - |
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Compound Interest Rate |
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10.5014% |
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10.5014% |
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Value at Year-End Seven |
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$10,059.00 |
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$10,059.00 |
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Yield at Maturity |
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$100,000.00 |
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$100,000.00 |
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Installment Payment |
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Price |
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$6,468.40 |
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$6,468.40 |
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Space Dollar Reserve |
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- 0 - |
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$100,000.00 |
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1040 Deduction over 7 yrs. |
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$6,468.40 |
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- 0 - |
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Compound Interest Rate |
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10.5014% |
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10.5014% |
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Value at Year-End Seven |
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$10,059.00 |
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$10,059.00 |
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Yield at Maturity |
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$100,000.00 |
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$100,000.00 |
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Figure 2. Comparison of Bond Attributes
Disposition of Proceeds
The funds generated by the Bond Sales activities will be targetted to Space-bound activities for the principal purpose of underwriting USIS-sponsored projects. These will be commercial enterprises with the occasional sprinkling of quasi-governmental agencies or consortia, both domestic and off-shore.
Marketing and Business plans will be evaluated and funded by a subcommittee of the Bond Committee. The Bond Committee will include entrepreneurs, business veterans, attorneys, marketers and others. All due diligence appropriate to any commercial venture will be expected of the committees, although the additional risks assumed by ventures in space will be considered and mitigated whenever possible.
One criterion of many is a weighing of the opportunity for the bond-holders to realize their principal and interest gains at the maturity of the bonds. Assuming that we are approximating contemporary venture capital fund performance we can anticipate one very successful enterprise, two modestly-successful enterprises and seven failures for every ten investment opportunities. Successful projects will return funds to the Bond Fund for reinvestment.
Our expectation is that many of the firms and organizations receiving funding through the Millennial Bond will use the money for seed capital, to move a technology or service forward, or, as marketing and promotional funds, in order to develop much larger funding streams.
The distribution of funds will be approximately as follows:
- Marketing and Administrative Overhead 20%
The marketing and administrative overhead is likely to be among the lowest in the universe of non-profit organizations.
USIS has a diverse constituency which are continually in search of funding, including the World Space Bar and USIS's emerging interest in crewmanship and the social dynamics of archologies. It should not be surprising that USIS and its' affiliates should have some contenders among the business plans to be considered.
One of the initiatives to be co-sponsored by USIS, LEDA and SODA is the inauguration of a quarterly publication, SPACE RFP, A Forum for Space Commerce. This quarterly should have a strong synergism with the USIS' Space Governance Journal as SPACE RFP is expected to discover many of the legal and policy issues which business, enterprise and private property claims will encounter – and handoff such conversations to the World Space Bar for clarification. This publication is intended to become profitable in a short time and will feature paid advertising.
Marketing
The Millennial Bond will be promoted through advertising in the USIS Space Governance Journal. The Bond will also be sold by way of In-Home Presentations to interested families and individuals. In addition, advertising which is targetted to interested and concerned individuals will be procured from other space enthusiast magazines, newsletters and journals.
The USIS Website will soon feature a International Space Development (Millennial) Bond presentation for an immediate, 24 / 7 / 365 International reach around the planet. These efforts will be supplemented by incentives to the USIS membership, encouraging them to qualify referrals for bond sales.
Accounting
United Societies In Space, Inc. employs a Regionally–known accounting firm of Saltzman, Hamma, Nelson & Massaro, C.P.A., to prepare and file all of its Federal IRS 1120 Tax forms. These are available for inspection on reasonable request at the C.P.A. firm's offices.
Summary
- The term of the bond is 30 years until the $100,000 face value is paid.
The Prospectus
The attached Summary of Prospectus is the prospectus itself. Donors are encouraged to speak to members of the Board of Directors and Officers of USIS to gain current information about the projects to be funded.