Patroonships
In 1629, the company introduced inducements known as the Charter of Freedoms and Exemptions, commonly known as the "patroon system". Invested members who were willing to fulfill certain conditions, including the transport and settlement of at least 50 persons, would receive vasts land patents and manorial rights, not dissimilar than that of a feudal lord. A number of attempts were made, the only one of substantial success being the Manor of Rensselaerswyck. Pavonia, across the river from New Amsterdam, was returned to WIC and became a company managed holding. In 1640 company policy was changed and allowed land purchases by individuals in good standing.
Read more about this topic: New Netherland Settlements