3 Establishment of development corporations for new towns.E+W
(1)The Secretary of State shall by order establish a corporation, in this Act called a development corporation, for the purposes of the development of each new town the site of which is designated under section 1 above . . .
(2)A development corporation shall be a body corporate by such name as may be prescribed by the order, and shall consist of—
(a)a chairman;
(b)a deputy chairman; and
(c)such number of other members, not exceeding 11, as may be prescribed by the order.
[(2A)Before making an order under this section in relation to a site in England, the Secretary of State must consult the following persons—
(a)persons who appear to the Secretary of State to represent those living within, or in the vicinity of, the site;
(b)persons who appear to the Secretary of State to represent businesses with any premises within, or in the vicinity of, the site;
(c)every county or district council for an area which falls wholly or partly within the site;
(d)any other person whom the Secretary of State considers it appropriate to consult.]
(3)Schedule 3 to this Act has effect with respect to the constitution and proceedings of a development corporation.
(4)Nothing in this Act (except the express provision relating to stamp duty in section 72(1) below) shall be construed as exempting a development corporation from liability for any tax, duty, rate, levy or other charge whatsoever, whether general or local.