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A group led by John Winthrop (1588-1649) signed the so-called Cambridge Agreement (1629), by which they engaged to emigrate to New England provided that they could buy out the stock of the company and thus gain complete control of the company's government and charter. Since the royal charter did not specify where the stockholders should meet, this arrangement was made, and the Massachusetts Bay Company became the only one of the English chartered colonization companies not subject to the control of a board of governors in England.
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