1632                               LAWS OF MARYLAND                         [CH. 781

municipality is situated in such manner as to afford actual or con-
structive notice thereof.

(b)  The municipality may dispose of real property in an urban re-
newal area to private persons only under such reasonable competitive
bidding procedures as it shall prescribe or as hereinafter provided in
this subsection. The municipality may, by public notice by publica-
tion in a newspaper having a general circulation in the community
(not less than sixty days prior to the execution of any contract to sell,
lease or otherwise transfer real property and prior to the delivery
of any instrument of conveyance with respect thereto under the pro-
visions of this section) invite proposals from and make available all
pertinent information to private redevelopers or any persons inter-
ested in undertaking to redevelop or rehabilitate an urban renewal
area, or any part thereof. Such notice shall identify the area, or por-
tion 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 in-
formation 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 pro-
posal 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 provi-
sions of subsection (a) above, for such uses and purposes as may be
deemed desirable even though not in conformity with the urban re-
newal 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 com-
pliance 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 DIS-
PLACED.

7. Eminent Domain

Condemnation of land or property under the provisions of this sub-
heading 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.