1342                              LAWS OF MARYLAND                        [CH. 615

contract to sell, lease or otherwise transfer real property and prior
to the delivery of any instrument of conveyance with respect thereto
under the provisions of this section) invite proposals from and
make available all pertinent information to private redevelopers or
any persons interested in undertaking to redevelop or rehabilitate
an urban renewal area, or any part thereof. Such notice shall identify
the area, or portion thereof, and shall state that proposals shall be
made by those interested within a specified period of not less than
sixty days after the first day of publication of said notice, and that
such further information as is available may be obtained at such
office as shall be designated in said notice. The municipality shall
consider all such redevelopment or rehabilitation proposals and the
financial and legal ability of the persons making such proposal to
carry them out, and may negotiate with any persons for proposals
for the purchase, lease or other transfer of any real property acquired
by the municipality in the urban renewal area. The municipality
may accept such proposal as it deems to be in the public interest
and in furtherance of the purposes of this subheading. Thereafter,
the municipality may execute and deliver contracts, deeds, leases and
other instruments and take all steps necessary to effectuate such
transfers.

(c)   The municipality may temporarily operate and maintain real
property acquired by it in an urban renewal area for or in connection
with an urban renewal project pending the disposition of the prop-
erty as authorized in this subheading, without regard to the pro-
visions of subsection (a) above, for such uses and purposes as may
be deemed desirable even though not in conformity with the urban
renewal plan.

(d)   Any instrument executed by the municipality and purporting
to convey any right, title or interest in any property under this sub-
heading shall be conclusively presumed to have been executed in
compliance with the provisions of this subheading insofar as title
or other interest of any bona fide purchaser, lessees or transferees
of such property is concerned.

7.    Eminent Domain

Condemnation of land or property under the provisions of this
subheading shall be in accordance with the procedure provided in
Article 33A of the Annotated Code of Maryland (1957 Edition, as
amended) and acts amendatory thereof or supplementary thereto.

8.   Encouragement of Private Enterprise

The municipality, to the greatest extent it determines to be feasible
in carrying out the provisions of this subheading, shall afford maxi-
mum opportunity, consistent with the sound needs of the municipality
as a whole, to the rehabilitation or redevelopment of any urban re-
newal area by private enterprise. The municipality shall give con-
sideration to this objective in exercising its powers under this sub-
heading.

9.   General Obligation Bonds

For the purpose of financing and carrying out of an urban renewal
project and related activities, the municipality may issue and sell
its general obligation bonds. Any bonds issued by the municipality