10.—(1) The object of the Corporation shall be to secure the regeneration of the designated area.
(2) The object is to be achieved in particular by the following means—
(a)by bringing land and buildings into effective use;
(b)by encouraging public and private investment and the development of existing and new industry and commerce;
(c)by creating an attractive environment; and
(d)by ensuring that housing, social, recreational and cultural facilities are available to encourage people to live and work in the area.
(3) Subject to Article 11, for the purpose of achieving the object the Corporation may—
(a)acquire, hold, manage, reclaim and dispose of land and other property;
(b)carry out building and other operations;
(c)carry on any business or undertaking for the purposes of the object; and
(d)generally do anything necessary or expedient for the purposes of the object or for purposes incidental to those purposes.
(4) No provision of this Order by virtue of which any power is exercisable by the Corporation shall be construed as limiting the effect of paragraph (3).
(5) Paragraph (3) relates only to the capacity of the Corporation as a statutory corporation; and nothing in this Article authorises the Corporation to disregard any statutory provision or rule of law.
(6) A transaction between a person and the Corporation shall not be invalidated by reason of any failure by the Corporation to observe the object in paragraph (1) or the requirement in paragraph (3) that the Corporation shall exercise the powers conferred by that paragraph for the purpose of achieving that object.
11.—(1) Without prejudice to any provision of this Order requiring the consent of the Department to be obtained for anything to be done by the Corporation, the Department may give directions of a general or specific nature to the Corporation as to the manner in which it is to discharge its functions under this Order.
(2) The Corporation shall act in accordance with any direction given to it under paragraph (1).
(3) Before giving a direction under paragraph (1) the Department shall consult the Corporation, unless the Department is satisfied that because of urgency consultation is impracticable.
(4) A transaction between a person and the Corporation acting in purported exercise of its powers under this Order shall not be void by reason only that it was carried out in contravention of a direction given under paragraph (1), and such a person shall not be concerned to see or enquire whether a direction under that paragraph has been given or complied with.
(5) Where—
(a)the Department gives a direction to the Corporation under paragraph (1) to execute any works which the Corporation has power to execute under this Order; and
(b)the Corporation refuses to execute those works or does not comply with the direction within such time as the Department may specify,
the Department may execute those works in place of the Corporation and the provisions of this Order shall, with any necessary modifications, apply to the execution of those works by the Department as they would have applied to their execution by the Corporation.