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Session Laws, 1966
Volume 678, Page 1105   View pdf image (33K)
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J. MILLARD TAWES, Governor                       1105

and purposes. Any or all of the activities authorized pursuant to this
section shall constitute governmental functions undertaken for public
uses and purposes and the power of taxation may be exercised, public
funds expended and public credit extended in furtherance thereof.
The municipality is hereby granted the following additional powers
which are hereby found and declared to be necessary and proper to
carry into full force and effect the specific powers hereinbefore
granted and to fully accomplish the purposes and objects contem-
plated by the provisions of this section:

(1)    to make or have made all surveys and plans necessary to the
carrying out of the purposes of this subheading and to adopt or
approve, modify and amend such plans, which plans may include but
shall not be limited to: (i) plans for carrying out a program of
voluntary or compulsory repair and rehabilitation of buildings and
improvements (ii) plans for the enforcement of codes and regulations
relating to the use of land and the use and occupancy of buildings and
improvements and to the compulsory repair, rehabilitation, demoli-
tion, or removal of buildings and improvements; and (in) appraisals,
title searches, surveys, studies, and other plans and work necessary
to prepare for the undertaking of urban renewal projects and related
activities; and apply for, accept and utilize grants or funds from the
Federal Government for such purposes;

(2)    to prepare plans for the relocation of persons (including
families, business concerns and others) displaced from an urban
renewal area, and to make relocation payments to or with respect to
such persons for moving expenses and losses of property for which
reimbursement or compensation is not otherwise made, including
the making of such payments financed by the Federal Government;

(3)    to appropriate such funds and make such expenditures as may
be necessary to carry out the purposes of this subheading, includ-
ing the payment or reimbursement of reasonable actual costs incurred
as a result of utility relocations when such relocations are made
necessary by an urban renewal project, after making appropriate
adjustment for any improvements or betterments to the utility's
facilities made in connection with the relocation; and to levy taxes
and assessments for such purposes; to borrow^ money and to apply for
and accept advances, loans, grants, contributions and any other form
of financial assistance from the Federal Government, the State,
County or other public bodies, or from any sources, public or private,
for the purposes of this subheading, and to give such security as may
be required therefor; to invest any urban renewal funds held in
reserves or sinking funds or any such funds not required for imme-
diate disbursement, in property or securities which are legal invest-
ments for other municipal funds.

(4) to hold, improve, clear or prepare for redevelopment any
property acquired in connection with urban renewal projects, to
mortgage, pledge, hypothecate or otherwise encumber such property;
to insure or provide for the insurance of such property or operations
of the municipality against any risks or hazards, including the power
to pay premiums on any such insurance;

(5) to make and execute all contracts and, other instruments
necessary or convenient to the exercise of its powers under this sub-
heading, including the power to enter into agreement with any other


 

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Session Laws, 1966
Volume 678, Page 1105   View pdf image (33K)   << PREVIOUS  NEXT >>


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