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The authorised capital of a company sometimes referred to as the authorised share capital, registered capital or nominal capital, (particularly in the United States) is the maximum amount of share capital that the company is authorised by its constitutional documents to issue (allocate) to shareholders. Part of the authorised capital can (and ...
The seat of government is (as defined by Brewer's Politics) "the building, complex of buildings or the city from which a government exercises its authority". [1]In most countries, the nation's capital is also seat of its government, thus that city is appropriately referred to as the national seat of government.
Conversely, in a weak-mayor system, the mayor has no formal authority outside the council, serving a largely ceremonial role as council chairperson and is elected by the citizens of the city. The mayor cannot directly appoint or remove officials and lacks veto power over council votes. [2]
Effects can be different because of lower regulator expertise, lower contracting capacity for municipalities, [2] [4] and the higher presence of scale economies. Current research shows that municipally owned corporations are frequently more efficient than bureaucracy but have higher failure rates because of their legal and managerial autonomy. [1]
Municipal corporation is the legal term for a local governing body, including (but not necessarily limited to) cities, counties, towns, townships, charter townships, villages, and boroughs. [1] The term can also be used to describe municipally owned corporations. [1] [2] [3]
Unlike the other cities in Pennsylvania, the Philadelphia city government also has oversight of county government, and as such controls the budget for the district attorney, sheriff, and other county offices that have been retained from the county's one-time separate existence; these offices are elected for separately than those for the city ...
A city charter or town charter (generically, municipal charter) is a legal document establishing a municipality such as a city or town. The concept developed in Europe during the Middle Ages . Traditionally, the granting of a charter gave a settlement and its inhabitants the right to town privileges under the feudal system .
Cities and towns are specifically authorized three forms of government: Commission (Zero cities) Mayor–council (228 cities) Council–manager (53 cities) Commission The city of Shelton was the last one still using the three-member commission form of government, until it switched to Council-Manager after a vote of the people in 2017. Mayor-council