Plans for the territory, known as Nunavik, are laid out in an agreement in principle drafted by negotiators for the governments of Quebec and Canada, and the Makivik Corp., which oversees Inuit institutions.
The agreement is expected to be in place by 2009.
Jean-François Arteau, a lawyer for Makivik, is encouraged that an agreement has emerged after 30 years of negotiations.
"It's a big step in the right direction," he told CBC News, noting that the governments of Canada and Quebec, as well as the Makivik people, still need to give final approval to deal.
The territory, bordered on the south by the 55th parallel, would remain part of Quebec and would be subordinate to the province's national assembly and the Canadian House of Commons.
Still, it would not simply be a symbolic territory, Quebec Aboriginal Affairs Minister Benoît Pelletier insisted.
"It will be the opposite," Pelletier told the Canadian Press. "We are really heading towards a regional government in Nunavik."
http://www.cbc.ca/canada/story/2007/08/13/inuit-territory.html
[Proofreader's note: this article was edited for spelling and typos on August 15, 2007]
Note: http://www.cbc.ca/canad...

-Max Planck<br />
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No. A 'corporation' is simply an entity which is legally different than the sum of it's parts. It does not mean 'privately owned' or 'for profit'. Just a legal entity.
As the article states, it will be a different government than the province it's in, but will still have to go by the laws of Quebec and Canada.
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"George Bush has declared the war on terrorism to be the cause of his generation. The cause of Canadian sovereignty will be ours." - John Godfrey, MP for Don Va
And considering the penchant for corporations to buy each other out (and throw NAFTA & NAU into the mix), what's to keep one from buying out this kind of corporation?
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"When you change the way you look at things, the things you look at change."
-Max Planck
It, among other things, prevents the property owners from being sued for an accident or other mishaps in their town that occurred on town property (parks, sidewalks, etc.). Note that the 'Town Incorporated' may be sued, but not the property owners thereof (unless the mishap occurred on private property).
If the town were unincorporated then the owners of the town, the citizen property owners, may be held liable for damages incurred in the town.
Although I am not a lawyer the forgoing is my understanding of the meaning of 'Limited' or 'Incorporated' (Ltd. or Inc.).
H.F. Wolff
In the case of small businesses, cities and towns, and non-profits like Vive; there are no shares for sale. The corporation issues no shares, therefore stakes in the corporation cannot be purchased. The 'company' is not for sale.
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