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A municipally owned corporation is a corporation owned by a municipality.They are typically "organisations with independent corporate status, managed by an executive board appointed primarily by local government officials, and with majority public ownership."
There are 12 city corporations in Bangladesh. Two of these are in the capital Dhaka. Eight other divisional cities have a presence, three others. [clarification needed] They perform various socio-economic and civic functions. Besides, there are 330 municipal corporations in eight divisions of Bangladesh. A city corporation is a stronger body ...
The New Rules Project of the Institute for Local Self-Reliance a nonprofit corporation has worked to make financing of community owned business less onerous. H.R.2930, the Entrepreneur Access to Capital Act [1] Archived 2012-12-15 at the Wayback Machine , would relax securities law requirements making it easier for a community to raise money ...
A municipality is usually a single administrative division having corporate status and powers of self-government or jurisdiction as granted by national and regional laws to which it is subordinate. The term municipality may also mean the governing body of a given municipality. [1]
A mutual-benefit nonprofit corporation or membership corporation, in the United States, is a type of nonprofit corporation chartered by a state government that exists to serve its members in ways other than obtaining and distributing profits to them. Therefore, it cannot obtain IRS 501(c)(3) non-profit status as a charitable organization. [4] [5]
Municipalization is the transfer of private entities, assets, service providers, or corporations to public ownership by a municipality, including (but not limited to) a city, county, or public utility district ownership. [1] The transfer may be from private ownership (usually by purchase) or from other levels of government.
They can be involved in a variety of activities including economic development, education, community organizing and real estate development. These organizations are often associated with the development of affordable housing. The first community development corporation in the United States was the Bedford Stuyvesant Restoration Corporation. [1]
Each county is divided into municipal corporations, which can be one of four types: cities, boroughs, townships, and incorporated towns. The Commonwealth does not contain any unincorporated land that is not served by a local government. However, the US Postal Service has given names to places within townships that are not incorporated separately.