MARVIN MANDEL, Governor

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

(3)    TO BORROW HONEY 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
OTHERWISE ENCUMBER THAT PROPERTY; AND

(3)    TO INSURE OR PROVIDE FOR THE INSURANCE
OF THE PROPERTY OR OPERATIONS OF THE MUNICIPALITY AGAINST
ANY RISKS OR HAZARDS, INCLUDING THE POWER TO PAY PREMIUMS
ON ANY SUCH INSURANCE;

(E)    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 AGREEMENTS WITH OTHER PUBLIC BODIES OR
AGENCIES (THESE 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 WHATEVER CONDITIONS IMPOSED PURSUANT TO
FEDERAL LAWS AS THE MUNICIPALITY CONSIDERS REASONABLE AND
APPROPRIATE;

(F)    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;

(G)    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; AND TO MAKE EXCEPTIONS FROM BUILDING