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 ?
Large counties (those with more than 500,000 residents) would have borne more than half of the cost, and small counties would have been most at-risk to lose access to the municipal bond market.
I found myself having to lay people off and I realized the importance of having a cash reserve," he says, "so I moved a little more than 10% of my portfolio into municipal bonds as a reserve in case of a future emergency.
Further, the municipal bond yield ratios for 10- and five-year maturities are also higher than average at 84.
Information about municipal bonds is available on the Internet at www.
An example: A few years ago, some executives I know bought Washington Power municipal bonds that carried an 11.
The new NACo study of the municipal bond market and of the 2012 estimated impact of changes to the tax-exempt status of municipal bond interest shows that:
Generally, the higher your tax bracket, the more appropriate an investment in tax-exempt municipal bonds will be," says Cheryl Holland, a financial planner at Abacus Planning Group in Columbia, South Carolina.
Still, how can you choose among the 1,845 municipal bond funds tracked by Chicago-based Morningstar Inc.
Eaton Vance California Municipal Bond Fund (NYSE MKT: EVM)
For the bonds in your portfolio, use municipal bonds or municipal bond funds.
During the 1980s, the formula for success i the municipal bond market was simple: Relationships plus skill equals prosperity.
This revision will apply to each of Eaton Vance Insured California Municipal Bond Fund II (AMEX: EIA), Eaton Vance Insured Florida Municipal Bond Fund (AMEX: EIF), Eaton Vance Insured Massachusetts Municipal Bond Fund (AMEX: MAB), Eaton Vance Insured Michigan Municipal Bond Fund (AMEX: MIW), Eaton Vance Insured Municipal Bond Fund II (AMEX: EIV), Eaton Vance Insured New Jersey Municipal Bond Fund (AMEX: EMJ), Eaton Vance Insured New York Municipal Bond Fund II (AMEX: NYH), Eaton Vance Insured Ohio Municipal Bond Fund (AMEX: EIO) and Eaton Vance Insured Pennsylvania Municipal Bond Fund (AMEX: EIP).

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