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1296 LAWS OF MARYLAND Ch. 27
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 THE COMMISSIONERS OF ST.
MICHAELS.
2. 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.
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(C) LAND OR PROPERTY TAKEN BY THE MUNICIPALITY FOR
ANY OF THESE PURPOSES OR IN CONNECTION WITH THE EXERCISE
OF ANY OF THE POWERS WHICH ARE GRANTED BY THIS SUBHEADING
TO THE MUNICIPALITY BY EXERCISING THE POWER OF EMINENT
DOMAIN MAY NOT BE TAKEN WITHOUT JUST COMPENSATION, AS
AGREED UPON BETWEEN THE PARTIES, OR AWARDED BY A JURY,
BEING FIRST PAID OR TENDERED TO THE PARTY ENTITLED TO THE
COMPENSATION.
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