Section 3. Establishment of the Mumbai Metropolitan Region Development Authority.

3. Establishment of the 1[Mumbai Metropolitan Region Development Authority].- (1) As soon as may be after the commencement of this Act, the State Government shall by notification in the Official Gazette, establish, for the purposes of this Act an authority to be called "The 2[Mumbai Metropolitan Region Development Authority"] hereinafter referred to as "the Metropolitan Authority" or "the Authority". (2) The Metropolitan Authority shall be a body corporate, having perpetual succession and a common seal, with power, subject to the provisions of this Act, to acquire, hold and dispose of property, both moveable, and immoveable and to contract and may sue or be sued by its corporate name aforesaid. (3) The Metropolitan Authority shall be deemed to be a local authority within the meaning of the term "local authority" as defined in the Bombay General Clauses Act, 1904 (Bom. I of 1904).