PART IIESTABLISHMENT OF TRUST

Constitution of Trust3.

(1)

On and after the transfer date, there shall be established a Dunbar Harbour Trust consisting of twelve trustees for the purposes of–

(a)

operating the harbour for the benefit of all its stakeholders including both port users and the local community;

(b)

maintaining and improving the harbour facilities;

(c)

attracting new uses of the harbour and new business to the harbour;

(d)

advancing public education concerning the harbour; and

(e)

providing facilities in the interest of social welfare for recreation and leisure-time occupation.

(2)

Four trustees shall be appointed each year.

(3)

All trustees shall hold office for a term of three years, and no trustee shall serve for more than four terms.