J. MILLARD TAWES, Governor                       1329

(3) to appropriate such funds and make such expenditures as
may be necessary to carry out the purposes of this sub-heading, in-
cluding the payment or reimbursement of reasonable actual costs
incurred as a result of utility relocations when such relocations
are made necessary 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 advances, loans, grants, contributions
and any other form of financial assistance from the Federal Govern-
ment, 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 sinking funds or any such funds
not required for immediate disbursement, in property or securities
which are legal investments for other municipal funds.

(4) 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;

(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 Federal Government for or with respect to an urban re-
newal project and related activities such conditions imposed pursuant
to Federal laws as the municipality may deem reasonable and ap-
propriate;

(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, play-
grounds 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 administra-
tion of the provisions of this sub-heading as they apply to such
municipality in order that the objective of remedying slum and
blighted areas and preventing the causes thereof within such munici-
pality 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 de-