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Ch. 27
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LAWS OF MARYLAND
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1298
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THE PURPOSES OF THIS SUBHEADING, INCLUDING, BUT NOT
LIMITED:
(I) 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;
(II) TO LEVY TAXES AND ASSESSMENTS FOR
THOSE PURPOSES;
(III) 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;
(IV) 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;
(4) (I) TO HOLD, IMPROVE, CLEAR, OR
PREPARE FOR REDEVELOPMENT ANY PROPERTY ACQUIRED IN
CONNECTION WITH URBAN RENEWAL PROJECTS;
(II) TO MORTGAGE, PLEDGE, HYPOTHECATE,
OR OTHERWISE ENCUMBER THAT PROPERTY; AND
(III) TO INSURE OR PROVIDE FOR THE
INSURANCE OF THIS PROPERTY OR OPERATIONS OF THE
MUNICIPALITY AGAINST ANY RISKS OR HAZARDS, INCLUDING THE
POWER TO PAY PREMIUMS ON ANY SUCH INSURANCE;
(5) 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;
(6) TO ENTER INTO ANY BUILDING OR PROPERTY
IN ANY URBAN RENEWAL AREA IN ORDER TO MAKE INSPECTIONS,
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