It was founded in 1907 as a settlement of Torgun (Торгунь) servicing the construction of a railway station of the same name.[citation needed] That same year, Torgun was renamed Pallasovka in honor of an academicianPeter Pallas (1741–1811), who visited the area in 1773–1774.[citation needed] It was granted town status in 1967.[citation needed]
As a municipal division, the territory of Pallasovka is incorporated within Pallasovsky Municipal District as Pallasovka Urban Settlement.[4] The three rural localities are incorporated as Limannoye Rural Settlement of Pallasovsky Municipal District.[4]
The meteorite
Peter Pallas was a famous naturalist who took part in the discovery and the study of the first pallasite, a type of stony-iron meteorite named after him. Coincidentally, Pallasovka is a pallasite meteorite found near the town and named after it.
Волгоградская областная Дума. Закон №982-ОД от 30 декабря 2004 г. «Об установлении границ и наделении статусом Палласовского района и муниципальных образований в его составе». Вступил в силу со дня официального опубликования. Опубликован: "Волгоградская правда", №8, №147 (уточнение), 19 января 2005 г., 11 августа 2005 г. (Volgograd Oblast Duma. Law #982-OD of December 30, 2004 On Establishing the Borders and Granting the Status to Pallasovsky District and the Municipal Formations Comprising It. Effective as of the day of the official publication.).