1606                             LAWS OF MARYLAND                       [CH. 729

and to apply for, accept and utilize grants of 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 re-
newal project 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, in-
cluding the making of such payments financed by the federal govern-
ment;

(8) To appropriate such funds and make such expenditures as
may be necessary to carry out the purposes of this article, including
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 purpose of this article, and to give such security as may be
required therefore; to invest any urban renewal funds held in re-
serves or sinking funds or any such funds not required for immedi-
ate 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 prop-
erty; to insure or provide for the insurance of such property or
operations of the municipality against any risks or hazards, includ-
ing the power to pay premiums on any such insurance.

(5)    To make and execute all contracts and other public instru-
ments necessary or convenient to the exercise of its powers under
this article, including the power to enter into agreement with any
other public bodies and/or agencies (which agreements may extend
over any period, notwithstanding any provision or rule of law to
the contrary), and to include in any contract for financial assistance
with the federal government for or with respect to an urban renewal
project and related activities such conditions imposed pursuant to
federal laws as the municipality is deemed reasonable and appropri-
ate.

(6)    To enter into any building or property in any urban re-
newal area in order to make inspections, surveys, appraisals, sound-
ings or test borings, and to obtain an order for this purpose from
the Circuit Court for the county in which the municipality is sit-
uated in the event entry is denied or resisted;

(7)    To plan, replan