1540                             Laws of Maryland                      [Ch. 844

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 im-
mediate disbursement, in property or securities which are legal in-
vestments for other municipal funds.

(d)   to hold, improve, clear or prepare for redevelopment any
property acquired in connection with urban renewal projects; to
mortgage, 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 nec-
essary 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, not-
withstanding 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;

(f)   to enter into any building or property in any urban renewal
area in order to make inspections, surveys, appraisals, soundings or
test borings, and to obtain an order for this purpose from the Circuit
Court for the county in which the municipality is situated in the event
entry is denied or resisted;

(g)   to plan, replan, install, construct, reconstruct, repair, close
or vacate streets, roads, sidewalks, public utilities, parks, play-
grounds, and other public improvements in connection with an urban
renewal project; and to make exceptions from building regulations;

(h) to generally organize, coordinate and direct the administra-
tion of the provisions of this Article as they apply to such munici-
pality in order thai the objective of remedying slum and blighted
areas and preventing the causes thereof within such municipality
may be most effectively promoted and achieved;

(i) to require any public utility to relocate, at its own expense,

any lines or other facilities within an urban renewal area, if such.

relocation is required to carry out an urban renewal plan;

(j) (I) to exercise all or any part or combination of powers herein
granted.

Sub-Section 3. Establishment of Urban Renewal Agency

A municipality may itself exercise all the powers granted by this
Article, or may, if its legislative body by ordinance determines such
action to be in the public interest elect to have such powers exercised
by a separate public body or agency as hereinafter provided. In the
event said legislative body makes such determination, it shall proceed
by ordinance to establish a public body or agency to undertake in the
municipality the activities authorized by this Article. Such ordinance
shall include provisions establishing the number of members of such
public body or agency, the manner of their appointment and removal,
the terms of said members and their compensation. The ordinance