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Ch. 28
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1318
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LAWS OF MARYLAND
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OBLIGATIONS SHALL BE AUTHORIZED SECURITY FOR ALL PUBLIC
DEPOSITS. THIS SECTION AUTHORIZES ANY PERSONS OR PUBLIC
OR PRIVATE POLITICAL SUBDIVISIONS AND OFFICERS TO USE ANY
FUNDS OWNED OR CONTROLLED BY THEM FOR THE PURCHASE OF ANY
BONDS OR OTHER OBLIGATIONS. WITH REGARD TO LEGAL
INVESTMENTS, THIS SECTION MAY NOT BE CONSTRUED TO RELIEVE
ANY PERSON OF ANY DUTY OF EXERCISING REASONABLE CARE IN
SELECTING SECURITIES.
13. 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, 1977.
Approved March 8, 1977.
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CHAPTER 29
(House Bill 730)
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AN ACT concerning
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Talbot County — Urban Renewal Powers
in Easton
FOR the purpose of clarifying certain definitions with
regard to urban renewal powers in Easton, Talbot
County; and clarifying language.
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BY repealing
Chapter 844 of the Acts of the General Assembly of
1961
Section 168A(1)
BY adding
Chapter 844 of the Acts of the General Assembly of
1961
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Section 168A (1)
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