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The function of a corporation charter is to establish the basic elements for an incorporated business enterprise. For example, a corporation charter sets forth the activities the corporation intends to engage in once established.
8. to issue a charter to; establish by charter: to charter a bank. 9. to lease or hire for exclusive use: The company chartered a bus for the picnic. 10. pertaining to or involving transportation that is specially leased and not part of a regularly scheduled service: a charter flight to Europe.