Why was the Charter of 1732 granted?

The colony's corporate charter was granted to General James Oglethorpe on April

21, 1732, by George II, for whom the colony was named. ... Oglethorpe envisioned

a colony which would serve as a haven for English subjects who had been

imprisoned for debt and "the worthy poor".

Explanation:

Twenty trustees received funding from Parliament and a charter from the

King, issued in June 1732 . The charter granted the trustees the powers of a

corporation; they could elect their own governing body, make land grants, and

enact their own laws and taxes.

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