Constitutional principle of rule of law dictates that all individuals, institutions and organizations (whether its privately held or publicly held), Even the State itself, are accountable to laws. No matter what ethnicity or social status that a person has, that person need to face equal treatment of the law like any others. 5.0
The king is basically giving them a license to start a colony. It's like how you can't drive a car unless you have a drivers license, but with colonies.
