3.—(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.