CAPITOL HEIGHTS                                    2139

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 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 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 SUBHEADING, INCLUDING THE POWER
TO ENTER INTO AGREEMENT WITH ANY OTHER PUBLIC BODIES
OR AGENCIES (WHICH AGREEMENT 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 ANY RENEWAL PROJECT AND RELATED
ACTIVITIES SUCH CONDITIONS IMPOSED PURSUANT TO FEDERAL
LAWS AS THE MUNICIPALITY MAY DEEM REASONABLE AND
APPROPRIATE;

(6)   TO ENTER INTO ANY BUILDING OR PROPERTY IN ANY
URBAN RENEWAL AREA IN ORDER TO MAKE INSPECTIONS,
SURVEYS, APPRAISALS, SOUNDINGS OR TEST BORINGS, AND TO
OBTAIN AN ORDER FOR THIS PURPOSE FROM THE CIRCUIT COURT
FOR THE COUNTY IN WHICH THE MUNICIPALITY IS SITUATED IN
THE EVENT ENTRY IS DENIED OR RESISTED;

(7)  TO PLAN, REPLAN, INSTALL, CONSTRUCT, RECONSTRUCT,
REPAIR, CLOSE OR VACATE STREETS, ROADS, SIDEWALKS, PUBLIC
UTILITIES, PARKS, PLAYGROUNDS, AND OTHER PUBLIC
IMPROVEMENTS IN CONNECTION WITH AN URBAN RENEWAL
PROJECT; PROVIDED THE SAME SHALL BE APPROVED BY THE
MARYLAND-NATIONAL CAPITAL PARK AND PLANNING
COMMISSION, AND TO MAKE EXCEPTIONS FROM CITY AND TOWN
BUILDING REGULATIONS, BUT NOT COUNTY BUILDING
REGULATIONS UNLESS THE SAME SHALL BE APPROVED BY THE
COUNTY BUILDING INSPECTOR OR HIS EQUIVALENT;

(8) TO GENERALLY ORGANIZE, COORDINATE AND DIRECT THE
ADMINISTRATION OF THE PROVISIONS OF THIS SUBHEADING AS
THEY APPLY TO SUCH MUNICIPALITY IN ORDER THAT THE
OBJECTIVE OF REMEDYING SLUM AND BLIGHTED AREAS AND
PREVENTING THE CAUSES THEREOF WITHIN SUCH MUNICIPALITY
MAY BE MOST EFFECTIVELY PROMOTED AND ACHIEVED;

(9)  TO EXERCISE ALL OR ANY PART OR COMBINATIONS OF
POWERS HEREIN GRANTED.