charter

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Charter

A grant from the government of ownership rights in land to a person, a group of people, or an organization such as a corporation.

A basic document of law of a Municipal Corporation granted by the state, defining its rights, liabilities, and responsibilities of self-government.

A document embodying a grant of authority from the legislature or the authority itself, such as a corporate charter.The leasing of a mode of transportation, such as a bus, ship, or plane. A charter-party is a contract formed to lease a ship to a merchant in order to facilitate the conveyance of goods.

charter

n. the name for Articles of Incorporation in some states, as in a corporate charter.

charter

(Declaration of rights), noun announcement, constitution, decree, official announcement, proclamation, promulgation, pronouncement, public announcement, public statement, publication, writing
Associated concepts: amendment of a charter, amendment to a charter, articles of incorporation, charter of a foreign corporation, charter of a municipal corporation, charter of an association, corporate charter, county charter, municipal charter, partnership charter, reform a charter, repeal of a charter, special charter, state charter

charter

(License), noun authority, certificate, certifiiate of permission, dispensation, express permission, grant, imprimatur, instrument, muniment, official docuuent, patent, permit, written permission
Associated concepts: chartered bank, chartered by law, exxiration of a charter, renewal of a charter

charter

(Sanction), noun acceptance, acquiescence, admission, allowance, approval, assent, authority, authorization, concurrence, consent, countenance, delegation, empowerment, endorsement, enfranchisement, entitlement, franchise, grant, leave, liberty, license, permission, permit, pragmatic sanction, privilege, ratification, recognition, sufferance, support, tolerance, toleration, vested right
Associated concepts: chartered by the law
See also: agreement, allow, appoint, appointment, approve, authority, authorize, bestow, brevet, bylaw, capacity, certificate, certify, code, confirm, constitute, constitution, contract, countenance, deed, delegate, document, enactment, engage, establish, franchise, hire, immunity, incorporate, instrument, invest, launch, law, lease, let, license, ordinance, pact, pandect, permission, permit, prerogative, privilege, protocol, rent, sanction, tolerance, treaty, vest, warrant

CHARTER. A grant made by the sovereign either to the whole people or to a portion of them, securing to them the enjoyment of certain rights. Of the former kind is the late charter of France, which extended to the whole country; the charters which were granted to the different American colonies by the British government were charters of the latter species. 1 Story, Const. L. Sec. 161; 1 Bl. Com. 108 Encycl. Amer. Charte Constitutionelle.
     2. A charter differs from a CONSTITUTION in this, that the former is granted by the sovereign, while the latter is established by the people themselves : both are the fundamental law of the land.
     3. This term is susceptible of another signification. During the middle ages almost every document was called carta, charta, or chartula. In this sense the term is nearly synonymous with deed. Co. Litt. 6; 1 Co. 1; Moor. Cas. 687.
     4. The act of the legislature creating a corporation, is called its charter. Vide 3 Bro. Civ. and Adm. Law, 188; Dane's Ab. h.t.

CHARTER, mar. contr. An agreement by which a vessel is hired by the owner to another; as A B chartered the ship Benjamin Franklin to C D.

References in periodicals archive ?
What is interesting is that crony capitalism in the granting of corporate charters vanished completely over time.
The Tax Court did not seem to focus on the fact that the forbearance terms were part of the corporate charter.
There will always be demand for corporate charter service, and that demand fluctuates with business development," said Jason Ward, senior vice president, sales and marketing, for Security Aviation, based at Ted Stevens Anchorage International Airport.
This is, in effect, an application for a corporate charter.
The banking group will seek approval from its shareholders at a general meeting in June to revise its corporate charter so that it can issue more shares.
He later concluded that the "tool with the most promise of bringing these giants into tow, the corporate charter, has developed into a revenue source for which the various states compete by relaxing their chartering requirements.
If we had Shell's magic trash can, maybe we should make the company's corporate charter "disappear forever.
We look forward to extending our brand awareness and to reach those who may want to charter yachts worldwide or learn more about our training programmes, our tremendous team building corporate charter opportunities or the water sports and activity beach clubs.
Include indemnification provisions as well as provisions limiting the personal liability of directors for breach of the duty of care in the corporation's corporate charter and indemnification agreements.
In 2000, after a protest by the New York State Building and Construction Trades Council, the State of New York cancelled a $790,000 welfare-to-work contract with Construction Force Services, a New York-based temporary employment services, citing, among other reasons, a state Department of Labor determination that the company no longer had a valid corporate charter, since the company failed to comply with state tax law.
The Arkansas Court of Appeals has held that "officers and directors of a corporation who actively participate in its operation during the time when the corporate charter is revoked for failure to pay corporate franchise taxes are individually liable for debts incurred during the period of revocation.
District Judge Norman Moon struck down the state law as unconstitutional and ordered the Virginia State Corporation Commission to grant Thomas Road a corporate charter.

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