Part I New Towns and Their Development Corporations
Development corporations
3 Establishment of development corporations for new towns.
(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, subject to section 3(2) of the M1Development of Rural Wales Act 1976.
(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.
(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.