Municipal


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Municipal

In its narrower and more common sense, pertaining to a local governmental unit, commonly a city or town. In its broader sense, pertaining to the public or governmental affairs of a state, nation, or of a people. Relating to a state or nation, particularly when considered as an entity independent of other states or nations.

municipal

adj. referring to an incorporated or chartered city or town.

See: civic, civil, local, public

LAW, MUNICIPAL. Municipal law is defined by Mr. Justice Blackstone to be "a rule of civil conduct prescribed by the supreme power in a state, commanding what is right and prohibiting what is wrong." This definition has been criticised, and has been perhaps, justly considered imperfect. The latter part has been thought superabundant to the first; see Mr. Christian's note; and the first too general and indefinite, and too limited in its signification to convey a just idea of the subject. See Law, civil. Mr. Chitty defines municipal law to be "a rule of civil conduct, prescribed by the supreme power in a state, commanding what shall be done or what shall not be done." 1 Bl. Com. 44, note 6, Chitty's edit.
     2. Municipal law, among the Romans, was a law made to govern a particular city or province; this term is derived from the Latin municipium, which among them signified a city which was governed by its own laws, and which had its own magistrates.

MUNICIPAL. Strictly, this word applies only to what belongs to a city. Among the Romans, cities were called municipia; these cities voluntarily joined the Roman republic in relation to their sovereignty only, retaining, their laws, their liberties, and their magistrates, who were thence called municipal magistrates. With us this word has a more extensive meaning; for example, we call municipal law, not the law of a city only, but the law of the state. 1 Bl. Com. Municipal is used in contradistinction to international; thus we say an offence against the law of nations is an international offence, but one committed against a particular state or separate community, is a municipal offence.

References in periodicals archive ?
Under proposed MSRB Rule G-36 and related guidance, municipal advisors would owe a duty of loyalty and a duty of care that would require them to act in the municipal entity's best interest.
A municipal utility could allow the city to build trust and establish a track record of success,'' Crawford said.
The first step," says Kathleen Stepp, a CPA and financial planner with Stepp & Bothwell, in Overland Park, Kansas, "is to determine whether your tax bracket is high enough to make municipal bonds appropriate.
Some investors who several years ago bought municipal or corporate bonds sporting juicy, double-digit yields didn't read the fine print: A great many of these issues are callable.
In the merger of Putnam Municipal Bond Fund into Putnam Municipal Opportunities Trust, each common shareholder of Putnam Municipal Bond Fund as of the close of business on February 22, 2008 received common shares of Putnam Municipal Opportunities Trust equal in value to the aggregate net asset value of common shares of Putnam Municipal Bond Fund owned immediately prior to the merger.
The MSRB's registration requirement applies to firms; individuals are not required to register with the MSRB as municipal advisors unless they are sole proprietors.
For Rice, 41, it's meant building his firm into an operation specializing in municipal interest-rate swaps, one of several types of securities known as derivatives.
The agreement is aimed at improving efficiency of the court by spreading the caseload more evenly among all judges instead of having backlogs in some Superior Court rooms when there are judges available in the Municipal Court.
Certainly in some instances the judges who now handle small claims, traffic cases, preliminary hearings and the other chores now assigned to municipal courts would continue to do the same work - only they would get paid more for it.
The principals were serious players in the high-stakes game of municipal finance, where you paid to play and it paid to know the players, i.
Fifteen judges handle lawsuits filed in the downtown Los Angeles Municipal Court.
Business press articles that have criticized bond dealers for contributing to politicians who, in turn, select their firms as municipal bond underwriters.

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