J. MILLARD TAWES, GOVERNOR                           1541

may include such additional provisions relating to the organization of
said public body or agency as may be necessary. In the event the
legislative body enacts such an ordinance, all of the powers by this
Article granted to the municipality shall, from the effective date of
said ordinance, be vested in the public body or agency thereby estab-
lished, except:

(a)   The power to pass a resolution to initiate an urban renewal
project pursuant to Section 4 of this Article.

(b)  The power to issue general obligation bonds pursuant to Sec-
tion 9 of this Article.

(c)  The power to appropriate funds, and to levy taxes and assess-
ments pursuant to Section 2(c) of this Article.

Sub-Section 4. Initiation of Project

In order to initiate an urban renewal project, the legislative body
of the municipality shall adopt a resolution which

(a)   finds that one or more slum or blighted areas exist in such
municipality;

(b)  locates and defines the said slum or blighted areas;

(c)   finds that the rehabilitation, redevelopment, or a combination
thereof, of such area or areas, is necessary in the interest of the public
health, safety, morals or welfare of the residents of such municipality.

Sub-Section 5. Preparation and Approval of Plan for Urban Re-
newal Project

The municipality, in order to carry out the purposes of this Article,
shall prepare or cause to be prepared an urban renewal plan for slum
or blighted areas in the municipality, and shall formally approve such
plan. Prior to its approval of an urban renewal project, the munici-
pality shall submit such plan to the planning body of the municipality,
for review and recommendations as to its conformity with the master
plan for the development of the municipality as a whole. The planning
body shall submit its written recommendation with respect to the
proposed urban renewal plan to the municipality within sixty days
after receipt of the plan for review; upon receipt of the recommenda-
tions of the planning body or, if no recommendations are received
within said sixty days, then without such recommendations, the
municipality may proceed with a public hearing on the proposed urban
renewal project. The municipality shall hold a public hearing on an
urban renewal project after public notice thereof by publication in a
newspaper having a general circulation within the corporate limits of
the municipality. The notice shall describe the time, date, place and
purpose of the hearing, shall generally identify the urban renewal
area covered by the plan, and shall outline the general scope of the
urban renewal project under consideration. Following such hearing,
the municipality may approve an urban renewal project and the plan
therefor if it finds that: (1) a feasible method exists for the location
of any families who will be displaced from the urban renewal area in
decent, safe and sanitary dwelling accommodations within their
means and without undue hardship to such families; (2) the urban
renewal plan substantially conforms to the master plan of the munici-
pality as a whole; and (3) the urban renewal plan will afford max-