charter

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charter,

document granting certain rights, powers, or functions. It may be issued by the sovereign body of a state to a local governing body, university, or other corporation or by the constituted authority of a society or order to a local unit. The term was widely applied to various royal grants of rights in the Middle Ages and in early modern times. The most famous political charter is the Magna CartaMagna Carta
or Magna Charta
[Lat., = great charter], the most famous document of British constitutional history, issued by King John at Runnymede under compulsion from the barons and the church in June, 1215.
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 of England. Chartered companies held broad powers of trade and government by royal charter. In colonial America, chartered colonies were in theory, and to an extent in fact, less subject to royal interference than were royal colonies.

Charter

 

(ustav), a body of rules regulating the structure, procedures, and activities of a state agency, enterprise, or institution or of a particular field of activity. Charters in the USSR include the Rules of Railroads of the USSR and the Statute on Secondary General-education Schools. Charters also regulate the armed forces of the USSR (see). Most charters are approved by the highest bodies of state authority in the USSR; the charters of some institutions and organizations are approved by the appropriate ministries and departments. Voluntary sports societies, the various artists’ unions, dacha-building and housing-construction cooperatives, and other organizations are also governed by charters.

Most international organizations have charters that outline their goals, organizational structure, and activities, for example, the Charter of the United Nations.

charter

1. a formal document from the sovereign or state incorporating a city, bank, college, etc., and specifying its purposes and rights
2. a formal document granting or demanding from the sovereign power of a state certain rights or liberties
3. the fundamental principles of an organization; constitution
4. 
a. the hire or lease of transportation
b. the agreement or contract regulating this
c. (as modifier): a charter flight
5. a law, policy, or decision containing a loophole which allows a specified group to engage more easily in an activity considered undesirable
6. Maritime law another word for charterparty
References in periodicals archive ?
As a result of expanding the scope of Officers who are entitled to conclude a contract for limitation of liability under the Amended Companies Act, it is proposed to change the scope of Directors who are entitled to conclude a contract for limitation of liability as prescribed in Paragraph 2, Article 26 of the current Articles of Incorporation, in order to enable non-executive Directors to fully demonstrate their expected roles, and to continue to procure talented persons.
3(b) of the Articles of Incorporation as amended shall be selected in a manner determined by the Board of Governors of The Florida Bar, and shall be certified to the Foundation no later than May[begin strikethrough]March[end strikethrough] 1st of every year.
The articles of incorporation will be amended in line with the reasons for amendment stated above.
Shareholders will be asked to vote at the 2007 Annual Meeting on an amendment to the company's articles of incorporation that will require each nominee to the board to receive an affirmative vote of a majority of the votes cast to be elected.
Global's Board of Directors unanimously approved the amendments to the Articles of Incorporation and recommends that all U.
25 per share post-split) payable on January 22, 2007, to shareholders of record on January 10, 2007, conditioned upon shareholder approval of the foregoing amendments to the Third Restated and Amended Articles of Incorporation by the shareholders at the Special Meeting.
Such statements, including the Company's plans to submit certain proposed articles amendments for shareholder approval, are based on the Company's present intentions but are subject to various risks and uncertainties that could cause actual results to differ materially from those anticipated, including the possibility that the Company's board of directors could determine not to submit any amendment to the Company's articles of incorporation for shareholder vote or to hold quarterly webcasts due to future conditions, strategic circumstances or material, non-public information; and the possibility that the Company may be unable to obtain the requisite two-thirds approval from its shareholders with respect to any amendment to the Company's articles of incorporation.
Shareholders also rejected a shareholder proposal requesting that Post's Articles of Incorporation be amended to provide for majority voting in the election of directors, with 60% of the votes cast on the proposal voting against it.
AMEX:SZI) announced today that it has filed a Definitive Proxy Statement with the Securities and Exchange Commission regarding an Annual Meeting of Shareholders for the purpose of amending its Articles of Incorporation to change the company name to Express-1 Expedited Solutions, Inc.
AMEX:AQQ) ("the Company"), a real estate investment and management company located in Houston, Texas, announced today that its stockholders, at the 2006 Annual Meeting held on Friday, May 5, 2006, approved the proposed amendment to the Company's Articles of Incorporation to remove stock ownership and transfer restrictions set forth in the Articles.
Nasdaq:VCBI), announced that at the Annual Meeting of Shareholders held on April 26, 2006, the shareholders approved an amendment to the Articles of Incorporation of the Company increasing the number of authorized shares of common stock to 50 million.
It has also determined that it is not in the best interests of its shareholders to retain in its Articles of Incorporation restrictive provisions on stock ownership, which it originally adopted in order to preserve the Company's ability to make a REIT election.