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An instrument by which a municipality is incorporated, specifying its organizational structure and its highest laws; specif., a written document making the persons residing within a fixed boundary, along with their successors, a corporation and body politic for and within that boundary, and prescribing the powers, ...
Charter Amendments means those amendments to the certificate of incorporation of the Company approved by the Board of Directors in the forms attached hereto as Exhibit C as well as the amendments to the certificate of incorporation relating to the Reverse Stock Split and Forward Stock Split.
Charter of Massachusetts Bay, 1691. Also referred to as the "Charter of William and Mary." This charter expanded the original colony of Massachusetts Bay and provided for the Governor's appointment by the Crown rather than election, and at the same time broadened the Governor's powers.
A charter transfers the power to adopt legislation affecting municipal affairs from the state legislature to the city adopting it. A city operating under a charter can acquire full control over its municipal affairs.
Lastly, specific constitutional language (Amendment Article 89, Section 7) reserves to the state sole authority to regulate elections; levy, assess and collect taxes; borrow money or pledge a municipality's credit; dispose of parkland; enact private or civil laws; and impose criminal penalties.
A Charter is a document that describes how a Town government is structured. What is a Charter Commission? Under Massachusetts General Law Chapter 43B, it is a group of nine registered voters of the Town elected to review and make recommendations for changes to the Charter.
A city charter or town charter (generically, municipal charter) is a legal document (charter) establishing a municipality such as a city or town. The concept developed in Europe during the Middle Ages.