MARVIN MANDEL, Governor

2501

INVESTMENTS, THIS SECTION MAY NOT BE CONSTRUED TO BELIEVE
ANY PERSON OF ANY DUTY OF EXERCISING REASONABLE CARE IN
SELECTING SECURITIES.

84M. SHORT TITLE

THIS ACT SHALL BE KNOWN AND MAY BE CITED AS THE
REDEVELOPMENT URBAN RENEWAL ACT.

SECTION 2. AND BE IT FURTHER ENACTED, That if any
provision of this subheading, or the application thereof
to any person or circumstances is held invalid, the
remainder of the subheading and the application of such
provision to persons or circumstances other than those as
to which it is held invalid, shall not be affected
thereby. The powers conferred by this subheading shall
be in addition and supplemental to the powers conferred
by any other law.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved April 22, 1975.

CHAPTER 495
(House Bill 1384)

AN ACT concerning

Caroline County — Urban Renewal in Federalsburg

FOR the purpose of authorizing the municipal corporation
of Federalsburg in Caroline County to undertake by
appropriate legislative action an urban renewal and
redevelopment program; defining certain terms;
specifying certain powers of Federalsburg with
regard to urban renewal projects; establishing an
urban renewal agency; providing for the preparation
and approval of a plan for an urban renewal project;
providing for the disposal of property in an urban
renewal area; granting certain powers of eminent
domain; encouraging certain private enterprise;
providing for general obligation and revenue bonds;
and establishing a short title.

BY adding to