1344                               Laws of Maryland                          [Ch. 762

ities of a municipality in an urban renewal area for the elimination
and for the prevention of the development or spread of slums and
blight, and may involve slum clearance and redevelopment in an
urban renewal area, or rehabilitation or conservation in an urban re-
newal area, or any combination or part thereof in accordance with an
urban renewal plan. Such undertakings and activities may include—

(1)  acquisition of a slum area or a blighted area or portion
thereof;

(2)  demolition and removal of buildings and improvements;

(8) installation, construction or reconstruction of streets, utilities,
parks, playgrounds, and other improvements necessary for carrying
out in the urban renewal area the urban renewal objectives of this
sub-heading in accordance with the urban renewal plan;

(4)  disposition of any property acquired in the urban renewal
area including sale, initial leasing or retention by the municipality
itself, at its fair value for uses in accordance with the urban renewal
plan;

(5)  carrying out plans for a program of voluntary or compulsory
repair and rehabilitation of buildings or other improvements in
accordance with the urban renewal plan;

(6)  acquisition of any other real property in the urban renewal
area where necessary to eliminate unhealthful, unsanitary or unsafe
conditions, lessen density, eliminate obsolete or other uses detri-
mental to the public welfare, or otherwise to remove or prevent the
spread of blight or deterioration, or to provide land for needed public
facilities; and

(7)  the preservation, improvement or embellishment of historic
structures or monuments.

(f)  "Urban Renewal Area⁹' shall mean a slum area or a blighted
area or a combination thereof which the municipality designates as
appropriate for an urban renewal project.

(g)  "Urban Renewal Plan" shall mean a plan, as it exists from
time to time, for an urban renewal project, which plan shall be suffi-
ciently complete to indicate such land acquisition, demolition and
removal of structures, redevelopment, improvements, and rehabilita-
tion as may be proposed to be carried out in the urban renewal area,
zoning and planning changes, if any, land uses, maximum density
and building requirements.

(h) "Bonds" shall mean any bonds (including refunding bonds),
notes, interim certificates, certificates of indebtedness, debentures or
other obligations.

(i) "Person" shall mean any individual, firm, partnership, corpo-
ration, company, association, joint stock association, or body politic;
and shall include any trustee, receiver, assignee, or other person act-
ing in similar representative capacity.

(j) "Municipality" shall mean the President and Commissioners
of the town of Elkton, a municipal corporation of this State.

2. Powers.

The municipality is hereby authorized and empowered to carry out