recharter

verb
re·char·ter | \ (ˌ)rē-ˈchär-tər \
rechartered; rechartering; recharters

Definition of recharter 

transitive verb

: to grant a new charter to Facing re-election in July 1832, President Jackson vetoed a bill to recharter the Bank of the United States. —Laura Ellyn Smith

First Known Use of recharter

1776, in the meaning defined above

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The first known use of recharter was in 1776

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