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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 .
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.
They were governed much as royal colonies except that lord proprietors, rather than the king, appointed the governor. They were set up after the Restoration of 1660 and typically enjoyed greater civil and religious liberty. [96] Massachusetts, Providence Plantation, Rhode Island, Warwick, and Connecticut were charter colonies. The Massachusetts ...
The colonies of Virginia, Rhode Island, Connecticut, and Massachusetts Bay were at one time or another charter colonies. The crown might revoke a charter and convert the colony into a crown colony. In a charter colony, Britain granted a charter to the colonial government establishing the rules under which the colony was to be governed.
Proprietary colonies were governed much as royal colonies, except that lord proprietors appointed the governor rather than the king. They were set up after the English Restoration of 1660 and typically enjoyed greater civil and religious liberty. Pennsylvania (which included Delaware), New Jersey, and Maryland were proprietary colonies. [91]
The Thirteen Colonies were all founded with royal authorization, and authority continued to flow from the monarch as colonial governments exercised authority in the king's name. [8] 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 .
Proprietary colonies were a type of colony in English America which existed during the early modern period. In English overseas possessions established from the 17th century onwards, all land in the colonies belonged to the Crown , which held ultimate authority over their management.
In the beginning of the European colonial era, trade companies such as the East India Company were the most common method used to settle new land. [1] That changed after Maryland's Royal Grant in 1632, when King Charles I granted George Calvert, 1st Baron Baltimore, proprietary rights to an area east of the Potomac River in exchange for a share of the income derived there.