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.