What type of colony were the “lords proprietors” trying to create?

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LORD PROPRIETOR
The Lord proprietors were the 8 English men who were granted a piece of land, in the newly discovered land of Carolina, by king Charles. The king, for sure, had his control over the land, yet the 8 men were allowed to form their own kind of administration over the land and its citizens.
In the era where the British men were forming colonies in the various parts of the world, supposedly discovered by them, huge land tracts were granted for a group of men where they could form their own...