ò"ù áï òæàé
Guide to Establishing an Independent Treasury
1. Gather a “minyan” (quorum) including at least 10
adult males plus any number of additional men and women
2. Select a direct
civil representative - a “Captain of 10” ("C10") from among the
assembled individuals. A member of the community must be 18 years of age in
order to be eligible for the position of Sar Eser.
3. Execute a “Power of Attorney” (may be limited in
4. Formally instruct the "C10" to gather a minyan
5. Select at least
> two treasurers
must be present for collections
> three treasurers must be present for
6. Collect Basic Community “tax” (“half
of a full-weight portion”)
The word “Shekel” means “weight”.
One Maneh weighs one common standard
“portion” – one Troy ounce.
The term “Maneh” is derived from the
“portion” collected for the purpose of the “counting”
Annual "Tax" (Membership "Dues"∆) paid as two ½ Silver Maneh Tziburi (“half of a
> / or 600NIS,
…which includes deposit 200NIS for “membership card”
(in the form of a 1/2 Silver Maneh
> taxes are held (“in trust”) by the
treasurers, and may be requested for disbursal by the C10
> additional taxation for community
expenses is subject to approval by the taxpayers
> taxpayers are entitled to vote
7. Gather a minyan of C10s
8. Select three “Community Elders” from among the ten
9. These three
Community Elders decide amongst themselves which one will be the C100; the other two are, by
default, “C50's”. All three “Community Elders”, individually and
concurrently, represent the same specific ten C10s.
10. Execute a
“Power of Attorney” for each of these three Elders
11. Formally instruct
the C100 to gather a minyan of C100s
12. Formally instruct
the three Elders to institute the local Community Council of Seven and the
local community court of 23 – Thirty Elders.
13. Gather a minyan of
C100s and elect a C1000.
14. Execute a “Power of
Attorney” for the C1000
15. Formally instruct
the C1000 to gather a minyan of C1000 (National Council)
16. Gather all Elders (30 C50s, 10 of which are C100s, and one is also C1000) and convene the local
court of 92 and the local council of 28, totaling 120.
independent Treasury for the Community of 1000 with an apportioned
percentage of the basic tax. This percentage is fixed at 20% or 1 “whole”
Silver Maneh per Minyan of 10. The total amount of “half-shekels”
apportioned and disbursed to the Community Treasury by the 100 Sarei Eser
of the participating minyanim will be a minimum of 100 Silver Maneh.
∆ Members may acquire additional
Silver Maneh by leaving a deposit (400NIS/Silver Maneh) with the Treasury.
Silver Maneh may be used by "Local
First" type "minyanim"
1. Otzar Yerushalaim
a. Issue Maneh (Gold, Silver, Copper)
i. 1 Maneh = 1 troy ounce
b. Initially all coinage provided by Otzar
c. ½ Silver Maneh (“SM”) “borrowed” for payment of “½ Shekel taxes” (“deposit” at Trade Value)
i. 1st ½ SM (zecher l’adanim*)
to local treasury
ii. 2nd ½ SM (zecher l’korban*)
retained by individual for use in intra-tzibur trading
SM : ìôé ðãéáú ëì
d. Current Trade Value of Silver Maneh = 400 NIS
e. Current Trade Value of Gold Maneh = 6000 NIS
f. Net profits used to manufacture additional
2. Otzar Kehillot Israel
d. Individuals purchase Gold Maneh at “cost
e. Gold Maneh physically stored in secure
facility in Israel
f. Bearer Certificates of Deposit Issued
i. Exchanged for Gold Maneh upon surrender to Otzar
d. Gold Maneh may be redeemed in SM
3. Independent “City Otzar” may be established
by any valid “City Council of
120” [(7+3*7)+(23+3*23)] or “City
Council of 23”
1. åëîä éäà áòéø åúäà øàåéä
ìñðäãøéï îàä åòùøéí øáé ðçîéä àåîø îàúéí åùìùéí
ëãé ùøé òùøåú [ñðäããøéï ôø÷ à äìëä ã]
4. Intra-Tzibur Trading
a. Maneh are used as TOKENS for trade at “Trade Value” among members of a private club.
i. TOKENS are “borrowed” by Members for use in Club-related
ii. Note: since TOKENS are not purchased, there
is no taxable transaction until the TOKEN is “redeemed” for goods and
services. Redemption of the TOKEN is then legally equivalent to the
use of a Gift Certificate.
iii. Members must evidence physical possession of SM in order to
iv. Members leave 400 NIS per SM deposit for a 30 day
“loan” in SM.
v. Members understand that, after 30 days, the deposit will be
forfeited to the Club, and that the Club will use the NIS to
acquire more TOKENS from the Otzar.
b. Membership is evidenced by the possession of
a Silver Token
c. Minimum Annual Dues per individual Member = One Silver Maneh or 400 NIS
i. ½ SM “paid” to treasury of “Minyan”
ii. ½ SM paid (by
“Sar Eser”) for “tax” to
Independent “City Otzar”
iii. Additional SM are retained by the Member as TOKENS