J. MILLARD TAWES, Governor                         113

sons for moving expenses and losses of property for which reim-
bursement or compensation is not otherwise made, including the
making of such payments financed by the Federal Government;

(3) to appropriate such funds and make such expenditures as may
be necessary to carry out the purposes of this sub-heading, including
the payment or reimbursement of reasonable actual costs incurred as
a result of utility relocations when such relocations are made neces-
sary by an urban renewal project, after making appropriate adjustment
for any improvements or betterments to the utility's facilities made
in connection with the relocation; and to levy taxes and assessments
for such purposes; to borrow money and to apply for and accept ad-
vances, 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 sub-heading, and to give such security as may be required
therefor; to invest any urban renewal funds held in reserves or sink-
ing funds or any such funds not required for immediate disburse-
ment, in property or securities which are legal investments for other
municipal funds.

(4) 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;

(5)  to make and execute all contracts and other instruments
necessary or convenient to the exercise of its powers under this sub-
heading, including the power to enter into agreement with any 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 Fed-
eral 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;

(6)  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;

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

(8)  to generally organize, coordinate and direct the administration
of the provisions of this sub-heading as they apply to such munici-
pality in order that the objective of remedying slum and blighted
areas and preventing the causes thereof within such municipality
may be most effectively promoted and achieved;

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

3. Establishment of Urban Renewal Agency

The municipality may itself exercise all the powers granted by this
sub-heading or may, if its legislative body by ordinance determines