J. MILLARD TAWES, Governor                       1327

(e) "Urban Renewal Project" shall mean undertakings and ac-
tivities of a municipality in an urban renewal area for the elimina-
tion and for the prevention of the development or spread of slums
and blight, and may involve slum clearance and redevelopment in an
urban renewal area, or rehabilitation or conservation in an urban
renewal area, or any combination or part thereof in accordance with
an urban renewal plan. Such undertakings and activities may
include

(1) acquisition of a slum area or a blighted area or portion thereof;

(2)  demolition and removal of buildings and improvements;

(3)  installation, construction or reconstruction of streets, utilities,
parks, playgrounds, and other improvements necessary for carrying
out in the urban renewal area the urban renewal objectives of this
subheading in accordance with the urban renewal plan;

(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
accordance 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 detrimental
to the public welfare, or otherwise to remove or prevent the spread
of blight or deterioration, or to provide land for needed public fa-
cilities; and

(7)  the preservation, improvement or embellishment of historic
structures or monuments.

(f)  "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.

(g)  "Urban Renewal Plan" shall mean a plan, as it exists from
time to time, for an urban renewal project, which plan shall be
sufficiently complete to indicate such land acquisition, demolition
and removal of structures, redevelopment, improvements, and re-
habilitation as may be proposed to be carried out in the urban re-
newal area, zoning and planning changes, if any, land uses, maximum
density and building requirements.

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

(i) "Person" shall mean any individual, firm, partnership, corpo-
ration, company, association, joint stock association, or body politic;
and shall include any trustee, receiver, assignee, or other person
acting in similar representative capacity.

(j) "Municipality" shall mean the President and Commissioners
of Princess Anne.