2504

LAWS OF MARYLAND

[Ch. 495

MUNICIPALITY DESIGNATES AS APPROPRIATE FOR AN URBAN
RENEWAL PROJECT.

(G) "URBAN RENEWAL PLAN" MEANS A PLAN, AS IT
EXISTS FROM TIME TO TIME, FOR AN URBAN RENEWAL PROJECT.
THE PLAN SHALL BE SUFFICIENTLY COMPLETE TO INDICATE
WHATEVER LAND ACQUISITION, DEMOLITION AND REMOVAL OF
STRUCTURES, REDEVELOPMENT, IMPROVEMENTS, AND
REHABILITATION AS MAY BE PROPOSED TO BE CARRIED OUT IN
THE URBAN RENEWAL AREA, ZONING AND PLANNING CHANGES, IF
ANY, LAND USES, MAXIMUM DENSITY AND BUILDING
REQUIREMENTS.

(H) "BONDS" MEANS ANY BONDS (INCLUDING REFUNDING
BONDS), NOTES, INTERIM CERTIFICATES, CERTIFICATES OF
INDEBTEDNESS, DEBENTURES OR OTHER OBLIGATIONS.

(I) "PERSON" MEANS ANY INDIVIDUAL, FIRM,
PARTNERSHIP, CORPORATION, COMPANY, ASSOCIATION, JOINT
STOCK ASSOCIATION, OR BODY POLITIC, IT INCLUDES ANY
TRUSTEE, RECEIVER, ASSIGNEE, OR OTHER PERSON ACTING IN
SIMILAR REPRESENTATIVE CAPACITY.

(J) "MUNICIPALITY" MEANS A MUNICIPAL CORPORATION
OF THIS STATE.

126B. POWERS

(A)     THE MUNICIPALITY MAY UNDERTAKE AND CARRY OUT
URBAN RENEWAL PROJECTS.

(B)    THESE PROJECTS SHALL BE LIMITED:

(1)    TO SLUM CLEARANCE IN SLUM OR BLIGHTED
AREAS AND REDEVELOPMENT OR THE REHABILITATION OF SLUM OR
BLIGHTED AREAS;

(2)    TO ACQUIRE IN CONNECTION WITH THOSE
PROJECTS, WITHIN THE CORPORATE LIMITS OF THE
MUNICIPALITY, LAND AND PROPERTY OF EVERY KIND AND ANY
RIGHT, INTEREST, FRANCHISE, EASEMENT OR PRIVILEGE,
INCLUDING LAND OR PROPERTY AND ANY RIGHT OR INTEREST
ALREADY DEVOTED TO PUBLIC USE, BY PURCHASE, LEASE, GIFT,
CONDEMNATION OR ANY OTHER LEGAL MEANS;

(3)    TO SELL, LEASE, CONVEY, TRANSFER OR
OTHERWISE DISPOSE OF ANY OF THE LAND OR PROPERTY,
REGARDLESS OF WHETHER OR NOT IT HAS BEEN DEVELOPED,
REDEVELOPED, ALTERED OR IMPROVED AND IRRESPECTIVE OF THE
MANNER OR MEANS IN OR BY WHICH IT MAY HAVE BEEN ACQUIRED,
TO ANY PRIVATE, PUBLIC OR QUASI PUBLIC CORPORATION,
PARTNERSHIP, ASSOCIATION, PERSON OR OTHER LEGAL ENTITY.

(C)    LAND OR PROPERTY TAKEN BY THE MUNICIPALITY FOR