1498                             Laws of Maryland                      [Ch. 830

(c)  The municipality may temporarily operate and maintain real
property acquired by it in an urban renewal area for or in connection
with an urban renewal project pending the disposition of the
property as authorized in this Article, without regard to the pro-
visions of subsection (a) above, for such uses and purposes as may
be deemed desirable even though not in conformity with the urban
renewal plan.

(d)  Any instrument executed by the municipality and purporting
to convey any right, title or interest in any property under this
Article shall be conclusive presumed to have been executed in
compliance with the provisions of this Article insofar as title or other
interest of any bona fide purchasers, lessees or transferees of such
property is concerned.

Section 7. Eminent Domain. Condemnation of land or property
under the provisions of this Article shall be in accordance with the
procedure provided in Article 33 A of the Annotated Code of Mary-
land (1957 Edition, as amended) and acts amendatory thereof or
supplementary thereto.

Section 8. Encouragement of Private Enterprise. The municipality
to the greatest extent it determines to be feasible in carrying out the
provisions of this Article, shall afford maximum opportunity, con-
sistent with the sound needs of the municipality as a whole, to the
rehabilitation or redevelopment of any urban renewal area by private
enterprise. The municipality shall give consideration to this objective
in exercising its powers under this Article.

Section 9. General Obligation Bonds. For the purpose of financing
and carrying out of an urban renewal project and related activities,
the municipality may issue and sell its general obligations bonds.
And bonds issued by the municipality pursuant to this section shall
be issued in the manner and within the limitations prescribed by
applicable law for the issuance and authorization of general obliga-
tion bonds by such municipality, and also within such limitations as
shall be determined by said municipality.

Section 10. Revenue Bonds. In addition to the authority conferred
by Section 9 of this Article, the municipality shall have to issue
revenue bonds to finance the undertaking of any urban renewal
project and related activities, and shall also have power to issue re-
funding bonds for the payment or retirement of such bonds previously
issued by it. Such bonds shall be made payable, as to both principal
and interest, solely from the income, proceeds, revenues, and funds
of the municipality derived from or held in connection with its under-
taking and carrying out of urban renewal projects under this Article:
Provided, however, that payment of such bonds, both as to principal
and interest, may be further secured by a pledge of any loan, grant
or contribution from the Federal Government or other source, in
aid of any urban renewal projects of the municipality under this
Article, and by a mortgage of any such urban renewal projects, or
any part thereof, title to which is in the municipality. In addition,
the municipality may enter into an Indenture of Trust with any
private banking institution of this State having trust powers and
may make in such indenture of trust such covenants and commit-