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Proprietary governors had legal responsibilities over the colony as well as responsibilities to shareholders to ensure the security of their investments. The proprietary system was a mostly inefficient [definition needed] system, in that the proprietors were, for the most part, like absentee landlords.
Charter of Massachusetts Bay, 1742. A charter is a document that gives colonies the legal rights to exist. Charters can bestow certain rights on a town, city, university, or other institution. Colonial charters were approved when the king gave a grant of exclusive powers for the governance of land to proprietors or a settlement company.
A lord proprietor is a person granted a royal charter for the establishment and government of an English colony in the 17th century. The plural of the term is "lords proprietors" or "lords proprietary".
A colony's precise relationship to the Crown depended on whether it was a corporate colony, proprietary colony or royal colony as defined in its colonial charter. Whereas royal colonies belonged to the Crown, proprietary and corporate colonies were granted by the Crown to private interests. [9]
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
The proprietary colony's charter remained in the Penn family until they were later ousted following the American ... Penn was an English real estate ...
The proprietor's voting power in the legislative process remained one of the major concerns in framing the government. As provided in the colonial charter granted by the King, laws were to be made by the proprietor. Thus, it would be a violation of the charter if the proprietor did not possess a veto power in legislation.
These three types were royal colonies, proprietary colonies, and corporate colonies. A charter colony by definition is a "colony chartered to an individual, trading company, etc., by the British crown." [5] Although charter colonies were not the most prevalent of the three types of colonies in the British Empire, they were by no means ...