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A further verification of the feasibility of this route was made by Captain George Weymouth, who was sent out in 1605 by the Earl of Southampton. The letters-patent of King James, dated April 10, 1606, licensed the planting of two colonies in the territories of America commonly called Virginia. The corporators named in the first colony were Sir Thos.
With so many wealthy corporators money flowed into the treasury, and a great expedition was readily fitted out. Towards the end of May, 1609, there sailed from England nine ships and five hundred people, under the command of Sir Thomas Gates, Sir George Somers, and Captain Newport.
This court, then, does not admit the doctrine, that a legislature can repeal statutes creating private corporations. If it cannot repeal them altogether, of course it cannot repeal any part of them, or impair them, or essentially alter them, without the consent of the corporators.
If a charter be granted by the king, it may be altered by a new charter granted by the king, and accepted by the corporators. But if the first charter be granted by Parliament, the consent of Parliament must be obtained to any alteration. In King v.
It seems that he was at the time bargaining to quit the Beaver, and to give up THEE and THOU for a seat in the Corporation of the rotten-borough of Andover; and I have no doubt but that he acted in this unworthy manner in hopes of currying favour with the rotten managers of that rotten, corrupt, and contemptible Corporation; as he very soon afterwards doffed the straight-cut coat without a collar, sunk the broad-brimmed hat, mounted a dandy-cut coat and puppy hat, went to church, married the Parson's sister, and became a right worthy member of that truly worthy body, the Corporators of Andover.
With so many wealthy corporators money flowed into the treasury, and a great expedition was readily fitted out. Towards the end of May, 1609, there sailed from England nine ships and five hundred people, under the command of Sir Thomas Gates, Sir George Somers, and Captain Newport.
With their expectations, it is not to be wondered at that they were still further annoyed by the quarreling amongst the colonists themselves, and wished to begin over again. A new charter, dated May 23, 1609, with enlarged powers, was got from King James. Hundreds of corporators were named, and even thousands were included in the various London trades and guilds that were joined in the enterprise.
A sufficient specimen of the kind and extent of their misdeeds in one branch of their duties was afforded by a single paragraph of Lord John Russell's speech, in which he affirmed that, in some of the reports of their management of charitable estates committed to their care, it was proved that "the property, instead of being employed for the general benefit of the town, had been consumed for the partial benefit of a few individuals, and not unfrequently in the feastings and entertainments in which the mayor and other corporators had been in the habit of indulging.
It was with this restriction that the long process of degradation began which ended in reducing the representation of our boroughs to a mere mockery. Influences which would have had small weight over the town at large proved irresistible by the small body of corporators or "select men."
In view of the great advantages which are allowed the corporators, not among the least of which is the authority contained in most of their charters to make loans to three times the amount of their capital, thereby often deriving three times as much interest on the same amount of money as any individual is permitted by law to receive, no sufficient apology can be urged for a long-continued suspension of specie payments.