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. 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.

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to adopt ambitious charter school objectives and to give charter schools
program, resulting in the expansion of charter school programs in
public awareness of the mission of the charter school movement, which is
equitable funding for charter schools on par with traditional public
textbooks, computers, and equipment as a barrier to charter school
(178) Lack of start-up funding especially hurts charter
In Arizona, Glenn Way, a former state legislator, has made about(https://www.azcentral.com/story/news/local/arizona-education/2018/07/11/american-leadership-academy-charter-school-founder-glenn-way-nets-millions/664210002/)  $37 million  selling and leasing real estate to a chain of charter schools that he founded and, until recently, directed as chairman of the board, according to (https://www.nevadacurrent.com/2018/08/08/leaders-mum-on-reasons-behind-nevada-charter-school-change/) local reporting.
An Arizona state senator, Eddie Farnsworth, who advocated for the state current (https://asbcs.az.gov/board-staff-information/statutes-rules-policies) charter laws , just sold his charter school chain for $56.9 million, netting himself (https://www.azcentral.com/story/news/local/arizona-education/2018/11/28/farnsworth-net-13-9-million-benjamin-franklin-charter-school-sale/2126183002/) $13.9 million in profit s, which is to say nothing of the lease payments the chain will still have to pay him going forward.
The charter company said they would have to (http://www.legallyspeakingohio.com/2014/09/whats-on-their-minds-who-owns-charter-school-property-bought-with-public-dollars-hope-academy-broadway-campus-et-al-v-white-hat-management-llc-et-al/) pay for the items , even though they had been purchased with taxpayer money.
This brutal truth prompted (https://www.cleveland.com/metro/index.ssf/2015/10/ohio_passes_major_charter_school_reform_bill_pension_controversy_to_have_more_study.html) legislative reform in Ohio , but just a few weeks ago, the National Alliance for Charter Schools was back in Ohio asking the state to (https://www.cleveland.com/opinion/2019/01/ohios-charter-school-students-need-more-facilities-funding-the-state-can-provide-it-chad-l-aldis-and-nina-rees-opinion.html) increase funding  for charter school facilities.
Cleaning up these practices and closing loopholes is not about being for or against charter schools.
In our view, lawmakers should prohibit charter school owners and operators from leasing and purchasing property from their other companies.