1610                             LAWS OF MARYLAND                        [CH. 777

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.

(E) IN THE EVENT THAT URBAN RENEWAL PLANS IN-
VOLVE REMOVAL OF RESIDENTIAL HOUSING, PROVISION
AND PLANS MUST BE MADE FOR THEIR REPLACEMENT
WITH ADEQUATE FACILITIES FOR THE RESIDENTS SO
DISPLACED.

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
pursuant to this section shall be issued in the manner and within the
limitations prescribed by applicable law for the issuance and au-
thorizations of general obligation bonds by such municipality, and
also within such limitations as shall be determined by said
municipality.