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Under the proprietary system, individuals or companies (often joint-stock companies), known as proprietors, were granted commercial charters by the Crown to establish overseas colonies. These proprietors were thus granted the authority to select the governors and other officials in the colony.
The Massachusetts Bay Company, like other colonial joint-stock companies, was to be a corporate entity as well as a governmental one. The first settlers of the colony were Puritans who sought to create a society based on their religious beliefs unfettered from the Royal Anglican government of the Kingdom of England. The settlers were to be ...
The Council for New England was a 17th-century English joint stock company to which James I of England awarded a royal charter, with the purpose of expanding his realm over parts of North America by establishing colonial settlements. [1]
Control over a corporate colony was granted to a joint-stock company, such as the Virginia Company. Virginia, Massachusetts, Connecticut and Rhode Island were founded as corporate colonies. New England's corporate colonies were virtually independent of royal authority and operated as republics where property owners elected the governor and ...
The Virginia Company was an English trading company chartered by King James I on 10 April 1606 with the objective of colonizing the eastern coast of America. The coast was named Virginia , after Elizabeth I , and it stretched from present-day Maine to the Carolinas .
All colonial charters guaranteed to the colonists the vague rights and privileges of Englishmen, which would later cause trouble during the American Revolution. In the second half of the 17th century, the Crown looked upon charters as obstacles to colonial control and substituted the royal colony for corporations and proprietary governments.
A chartered company is an association with investors or shareholders that is incorporated and granted rights (often exclusive rights) by royal charter (or similar instrument of government) for the purpose of trade, exploration, or colonization, or a combination of these.
Charter colony is one of three classes of colonial government established in the 17th century English colonies in North America, the other classes being proprietary colony and royal colony. These colonies were operated under a corporate charter given by the crown. [ 1 ]