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Session Laws, 1961
Volume 654, Page 1473   View pdf image (33K)
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J. MILLARD TAWES, GOVERNOR                           1473

purposes. Any or all of the activities authorized pursuant to this
section shall constitute governmental functions undertaken for public
uses and purposes and the power of taxation may be exercised,
public funds expended and public credit extended in furtherance
thereof. The municipality is hereby granted the following additional
powers which are hereby found and declared to be necessary and
proper to carry into full force and effect the specific powers herein-
before granted and to fully accomplish the purposes and objects
contemplated by the provisions of this section:

(a)  to make or have made all surveys and plans necessary to the
carrying out of the purposes of this Article and to adopt or approve,
modify and amend such plans, which plans may include but shall
not be limited to: (1) plans for carrying out a program of voluntary
or compulsory repair and rehabilitation of buildings and improve-
ments, (2) plans for the enforcement of codes and regulations relat-
ing to the use of land and the use and occupancy of buildings and
improvements and to the compulsory repair, rehabilitation, demoli-
tion, or removal of buildings and improvements, and (3) appraisals,
title searches, surveys, studies, and other plans and work necessary
to prepare for the undertaking of urban renewal projects and related
activities; and to apply for, accept and utilize grants of funds from
the Federal Government for such purposes;

(b)   to prepare plans for the relocation of persons (including
families business concerns and others) displaced from an urban
renewal area, and to make relocation payments to or with respect to
such persons for moving expenses and losses of property for which
reimbursement or compensation is not otherwise made, including the
making of such payments financed by the Federal Government;

(c)  to appropriate such funds and make such expenditures as may
be necessary to carry out the purposes of this Article, and to levy
taxes and assessments for such purposes; to borrow money and to
apply for and accept advances, loans, grants, contributions and any
other form of financial assistance from the Federal Government,
the State, County or other public bodies, or from any sources, public
or private, for the purposes of this Article, and to give such security
as may be required therefor; to invest any urban renewal funds
held in reserves or sinking funds or any such funds not required
for immediate disbursement, in property or securities which are
legal investments for other municipal funds;

(d)  to hold, improve, clear or prepare for redevelopment any prop-
erty acquired in connection with urban renewal projects; to mort-
gage, pledge, hypothecate or otherwise encumber such property; to
insure or provide for the insurance of such property or operations
of the municipality against any risks or hazards, including the power
to pay premiums on any such insurance;

(e)  to make and execute all contracts and other instruments neces-
sary or convenient to the exercise of its powers under this Article,
including the power to enter into agreements with other public
bodies or agencies (which agreements may extend over any period,
notwithstanding any provision or rule of law to the contrary), and
to include in any contract for financial assistance with the Federal
Government for or with respect to an urban renewal project and
related activities such conditions imposed pursuant to Federal laws
as the municipality may deem reasonable and appropriate;


 

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Session Laws, 1961
Volume 654, Page 1473   View pdf image (33K)
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