MARVIN MANDEL, Governor

2261

(3) 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 OR OTHER
GOVERNMENTAL ENTITY FOR THOSE PURPOSES;

(B) 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 THOSE PERSONS
FOR MOVING EXPENSES AND LOSSES OF PROPERTY FOR WHICH
REIMBURSEMENT OR COMPENSATION IS NOT OTHERWISE MADE,
INCLUDING THE MAKING OF PAYMENTS FINANCED BY THE FEDERAL
GOVERNMENT;

(C) TO APPROPRIATE WHATEVER FUNDS AND MAKE
WHATEVER EXPENDITURES AS MAY BE NECESSARY TO CARRY OUT
THE PURPOSES OF THIS SUBHEADING, INCLUDING, BUT NOT
LIMITED:

(1)    TO THE PAYMENT OF ANY AND ALL COSTS AND
EXPENSES INCURRED IN CONNECTION WITH, OR INCIDENTAL TO,
THE ACQUISITION OF LAND OR PROPERTY, AND FOR THE
DEMOLITION, REMOVAL, RELOCATION, RENOVATION OR ALTERATION
OF LAND, BUILDINGS, STREETS, HIGHWAYS, ALLEYS, UTILITIES
OR SERVICES, AND OTHER STRUCTURES OR IMPROVEMENTS, AND
FOR THE CONSTRUCTION, RECONSTRUCTION, INSTALLATION,
RELOCATION OR REPAIR OF STREETS, HIGHWAYS, ALLEYS,
UTILITIES OR SERVICES, IN CONNECTION WITH URBAN RENEWAL
PROJECTS;

(2)    TO LEVY TAXES AND ASSESSMENTS FOR THOSE
PURPOSES;

(3)    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 WHATEVER SECURITY AS MAY BE
REQUIRED FOR THIS FINANCIAL ASSISTANCE;

(4)    TO INVEST ANY URBAN RENEWAL FUNDS HELD
IN RESERVES OR SINKING FUNDS OR ANY OF THESE FUNDS NOT
REQUIRED FOR IMMEDIATE DISBURSEMENT IN PROPERTY OR
SECURITIES WHICH ARE LEGAL INVESTMENTS FOR OTHER
MUNICIPAL FUNDS;

(D) (1) TO HOLD, IMPROVE, CLEAR OR PREPARE FOR
REDEVELOPMENT ANY PROPERTY ACQUIRED IN CONNECTION WITH
URBAN RENEWAL PROJECTS;

(2) TO MORTGAGE, PLEDGE, HYPOTHECATE OR