What is a legislative charter?

A legislative charter is a formal document issued by a legislative body that grants specific powers, rights, or privileges to an organization, such as a corporation or a municipality. It outlines the rules, regulations, and governance structure under which the entity operates. Charters serve to establish the legal framework for the entity's existence and activities, often detailing its objectives and limitations. They are typically enacted through a legislative vote and can be amended or revoked by the same body.