1538                             Laws of Maryland                      [Ch. 844

(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 ac-
cordance 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.

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

(f)   "Urban Renewal Plan" shall mean a plan, as it exists from
time to time, for an urban renewal project, which plan shall be suf-
ficiently 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.

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

(h) "Person" shall mean any individual, firm, partnership, cor-
poration, company, association, joint stock association, or body po-
litic; and shall include any trustee, receiver, assignee, or other person
acting in similar representative capacity.

(j) "Municipality" shall mean a municipal corporation of this
State.

Sub-Section 2. Powers

The municipality is hereby authorized and empowered to carry out
urban renewal projects which shall be limited to slum clearance in
slum or blighted areas and redevelopment or the rehabilitation of
slum or blighted areas; to acquire in connection with such projects,
within the corporate limits of the municipality, land and property of
every kind and any right, interest, franchise, easement or privilege
therein, INCLUDING LAND OR PROPERTY AND ANY RIGHT
OR INTEREST THEREIN ALREADY DEVOTED TO PUBLIC
USE, by purchase, lease, gift, condemnation or any other legal
means; to sell, lease, convey, transfer or otherwise dispose of any of
said land or property, regardless of whether or not it has been de-
veloped, redeveloped, altered or improved and irrespective of the man-
ner or means in or by which it may have been acquired, to any private,
public or quasi public corporation, partnership, association, person or
other legal entity. No land or property taken by the municipality for