MARVIN MANDEL, Governor                        819

(iii) appraisals, title searches, surveys, studies, and other plans and
work necessary to prepare for the undertaking of urban renewal
projects and related activities; 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
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,
including, but not limited to, the payment of any and all costs and
expenses incurred in connection with, or incidental to, the acquisi-
tion of land or property as aforesaid, and for the demolition, re-
moval, relocation, renovation or alteration of land, buildings, streets,
highways, alleys, utilities or services, and other structures or im-
provements, and for the construction, reconstruction, installation,
relocation or repair of streets, highways, alleys, utilities or services,
in connection with urban renewal projects; 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 pri-
vate, 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
immediate disbursement, in property or securities which are legal
investments 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, in-
cluding 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
subheading, including the power to enter into agreement with
other public bodies 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 municpality may deem reasonable and ap-
propriate ;

(6)    to enter into any building or property in any urban renewal
area in order to make inspections, surveys, ap