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Encyclopedia > Public corporation

Literally a public company is a company owned by the public. There are two uses of this term.

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Wisconsin Public Service Corporation - Your natural gas and electricity provider in northeastern and central Wisconsin ... (235 words)
Wisconsin Public Service Corporation - Your natural gas and electricity provider in northeastern and central Wisconsin and Upper Michigan.
Wisconsin Public Service is a natural gas and electric utility serving northeastern and central Wisconsin and an adjacent portion of Upper Michigan.
Get the latest information on the new 500-megawatt coal-fired electric generator the Public Service is adding at the Weston Power Plant site.
"Corporation" Defined & Explained (875 words)
Public corporations, which are also called political and sometimes municipal corporations, are those which have for their object the government of a portion of the state and although in such case it involves some private interests, yet, as it is endowed with a portion of political power, the term public has been deemed appropriate.
Another class of public corporations are those which are founded for public, not for political or municipal purposes, and the whole interest in which belongs to the government.
Eleemosynary corporations are such as are instituted upon a principle of charity, their object being the perpetual distribution of the bounty of the founder of them to such persons as he has directed.
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