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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."
Besides, there are 330 municipal corporations in eight divisions of Bangladesh. A city corporation is a stronger body than a municipal corporation. This is because a city corporation consists of a metropolitan city of a district, and a municipal corporation consists of a municipal area of a sub-district. [4] [5]
Like most states, California is divided into counties, of which there are 58 (including San Francisco) [note 1] covering the entire state. Most urbanized areas are incorporated as cities, [note 2] though not all of California is within the boundaries of a city. School districts, which are independent of cities and counties, handle public education.
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]
One, San Francisco, is a consolidated city-county. California law makes no distinction between "city" and "town", and municipalities may use either term in their official names. [6] They can be organized as either a charter municipality, governed by its own charter, or a general-law municipality (or "code city"), governed by state statute. [7]
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]