Character Space and Gelfand type representation of locally C^{*}-algebra

In this article, we identify a suitable approach to define the character space of a commutative unital locally $C^{\ast}$-algebra via the notion of the inductive limit of topological spaces. Also, we discuss topological properties of the character space. We establish the Gelfand type representation between a commutative unital locally $C^{\ast}$-algebra and the space of all continuous functions defined on its character space. Equivalently, we prove that every commutative unital locally $C^{\ast}$-algebra is identified with the locally $C^{\ast}$-algebra of continuous functions on its character space through the coherent representation of projective limit of $C^{\ast}$-algebras. Finally, we construct a unital locally $C^{\ast}$-algebra generated by a given locally bounded normal operator and show that its character space is homeomorphic to the local spectrum. Further, we define the functional calculus and prove spectral mapping theorem in this framework.