Article IV, Part Third, Section 14 of the maine State Constitution

Article IV, Part Third, Section 14 of the Maine State Constitution says:

Corporations shall be formed under general laws, and shall not be created by special Acts of the Legislature, except for municipal purposes, and in cases where the objects of the corporation cannot otherwise be attained, and, however formed , they shall forever be subject of the general laws of the state ( emphasis mine)

Quote from the legislative Charter for Brunswick Landing Maine's Center for Innovation : The Midcoast Regional Redevelopment Authority is established as a body corporate and politic and a public instrumentality of the State to carry out the purposes of this article. The authority is entrusted with acquiring and managing the properties within the geographic boundaries of Brunswick Naval Air Station. [2009, c. 641,
§1 (AMD).]
1. Powers. The authority is a public municipal corporation and may:D. Exercise the power of eminent domain; [2005, c. 599, §1 (NEW).]


Sunday, May 17, 2015

Preserving The American Political Philosophy: Very Significantly Different ! - The Public Benefit Corporation and the Benefit Corporation.

Public Benefit Corporations and Benefit Corporations could easily be mistaken for one and the same thing but they are completely different. In this post I examine Wikipedia's pages on each type of corporation and discover that the verification links identifying states that have passed Benefit Corporation legislation are not what they appear to be. The similarity between the names of two very different philosophies behind each type of legislation is just another act in the slippery art of political linguistics.