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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.
Proprietary charters gave governing authority to the proprietor, who determined the form of government, chose the officers, and made laws subject to the advice and consent of the freemen. All colonial charters guaranteed to the colonists the vague rights and privileges of Englishmen , which would later cause trouble during the American Revolution .
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]
The charter that the colony received was the royal charter of 1663. This charter, said to be one of the most liberal of the colonial era, not only granted the religious freedom that the colony sought, but also allowed Rhode Island to have local autonomy and gave the colony a much tighter grip on its territory. [4]
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".
The Frame of Government of Pennsylvania was a proto-constitution for the Province of Pennsylvania, a proprietary colony granted to William Penn by Charles II of England. The Frame of Government has lasting historical importance as an important step in the development of American and world democracy .
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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. [1]