2056                                        LAWS OF MARYLAND                                    Ch. 582

(2)  TO MORTGAGE, PLEDGE, HYPOTHECATE OR OTHERWISE
ENCUMBER THAT PROPERTY; AND

(3)  TO INSURE OR PROVIDE FOR THE INSURANCE OF THE
PROPERTY OR OPERATIONS OF THE MUNICIPALITY AGAINST ANY RISKS OR
HAZARDS, INCLUDING THE POWER TO PAY PREMIUMS ON ANY SUCH
INSURANCE;

(E)  TO MAKE AND EXECUTE ALL CONTRACTS AND OTHER INSTRUMENTS
NECESSARY OR CONVENIENT TO THE EXERCISE OF ITS POWERS UNDER THIS
ARTICLE, 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;

(F)  TO ENTER INTO ANY BUILDING OR PROPERTY IN ANY URBAN
RENEWAL AREA IN ORDER TO MAKE INSPECTIONS, SURVEYS, APPRAISALS,
SOUNDINGS OR TEST BORINGS, AND TO OBTAIN AN ORDER FOR THIS
PURPOSE FROM THE CIRCUIT COURT FOR THE COUNTY IN WHICH THE

MUNICIPALITY IS SITUATED IN THE EVENT ENTRY IS DENIED OR
RESISTED;

(G)  TO PLAN, REPLAN, INSTALL, CONSTRUCT, RECONSTRUCT,
REPAIR, CLOSE OR VACATE STREETS, ROADS, SIDEWALKS, PUBLIC
UTILITIES, PARKS, PLAYGROUNDS, AND OTHER PUBLIC IMPROVEMENTS IN
CONNECTION WITH AN URBAN RENEWAL PROJECT; AND TO MAKE EXCEPTIONS
FROM BUILDING REGULATIONS;

(H) TO GENERALLY ORGANIZE, COORDINATE AND DIRECT THE

ADMINISTRATION OF THE PROVISIONS OF THIS ARTICLE AS THEY APPLY TO
THE MUNICIPALITY IN ORDER THAT THE OBJECTIVE OF REMEDYING SLUM

AND BLIGHTED AREAS AND PREVENTING ITS CAUSES WITHIN THE
MUNICIPALITY MAY BE PROMOTED AND ACHIEVED MOST EFFECTIVELY; AND

(I) TO EXCERCISE ALL OR ANY PART OR COMBINATION OF THE
POWERS GRANTED IN THIS ARTICLE.

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SECTION 4. ESTABLISHMENT OF URBAN RENEWAL AGENCY.

(A)  A MUNICIPALITY MAY ITSELF EXERCISE ALL THE POWERS
GRANTED BY THIS ARTICLE, OR MAY, IF ITS LEGISLATIVE BODY BY
ORDINANCE DETERMINES THE ACTION TO BE IN THE PUBLIC INTEREST,
ELECT TO HAVE THE POWERS EXERCISED BY A SEPARATE PUBLIC BODY OR
AGENCY.

(B)  IN THE EVENT THE LEGISLATIVE BODY MAKES THAT
DETERMINATION, IT SHALL PROCEED BY ORDINANCE TO ESTABLISH A
PUBLIC BODY OR AGENCY TO UNDERTAKE IN THE MUNICIPALITY THE
ACTIVITIES AUTHORIZED BY THIS ARTICLE.