J. MILLARD TAWES, Governor                       1061

ing the number of members of such public body or agency, the manner
of their appointment and removal, the terms of said members and
their compensation. The ordinance may include such additional pro-
visions relating to the organization of said public body or agency
as may be necessary. In the event the legislative body enacts such
an ordinance, all of the powers by this subheading granted to the
municipality shall, from the effective date of said ordinance, be
vested in the public body or agency thereby established, except:

(1)  The power to pass a resolution to initiate an urban renewal
project pursuant to Section 4 of this subheading.

(2)   The power to issue general obligation bonds pursuant to
Section 9 of this subheading.

(3)  The power to appropriate funds, and to levy taxes and as-
sessments pursuant to Section 2 (3) of this subheading.

4. Initiation of Project.

In order to initiate an urban renewal project the legislative body
of the municipality shall adopt a resolution which

(1)  finds that one or more slum or blighted area exist in such
municipality;

(2)  locates and defines the said slum or blighted areas;

(3)  finds that the rehabilitation, redevelopment, or a combination
thereof, of such area or areas, is necessary in the interest of the
public health, safety, morals or welfare of the residents of such
municipality.

5. Preparation and Approval of Plan for Urban Renewal Project.

(a) The municipality, in order to carry out the purposes of this
subheading, shall prepare or cause to be prepared an urban renewal
plan for slum or blighted areas in the municipality, and shall for-
mally approve such plan. Prior to its approval of an urban renewal
project, the municipality shall submit such plan to the planning
body of the municipality, for review and recommendations as to its
conformity with the master plan for the development of the munici-
pality as a whole. The planning body shall submit its written rec-
ommendation with respect to the proposed urban renewal plan to
the municipality within sixty days after receipt of the plan for
review; upon receipt of the recommendations of the planning body or,
if no recommendations are received within said sixty days, then with-
out such recommendations, the municipality may proceed with a pub-
lic hearing on the proposed urban renewal project. The municipality
shall hold a public hearing on an urban renewal project after public
notice thereof by publication in a newspaper having a general circula-
tion within the corporate limits of the municipality. The notice shall
describe the time, date, place and purpose of the hearing, shall
generally identify the urban renewal area covered by the plan, and
shall outline the general scope of the urban renewal project under
consideration. Following such hearing, the municipality may ap-
prove an urban renewal project and the plan therefor if it finds
that: (1) a feasible method exists for the location of any families
who will be displaced from the urban renewal area in decent, safe
and sanitary dwelling accommodations within their means and with-