1494                             LAWS OF MARYLAND                       [CH. 895

Land Records of the county in which the municipality is situated in
such manner as to afford actual or constructive notice thereof.

(b)    The municipality may dispose of real property in an urban
renewal area to private persons only under such reasonable competi-
tive bidding procedures as it shall prescribe or as hereinafter pro-
vided in this subsection. The municipality may, by public notice
by publication 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 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 date 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 proposals to
carry them out, and may negotiate with any persons for proposals
for the purchase, lease, or other transfer of any real property ac-
quired by the municipality in the urban renewal area. The municipal-
ity 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 connec-
tion with an urban renewal project pending the disposition of the
property as authorized in this subheading without regard to the
provisions 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, 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