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H.B. 1366
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Martin O'Malley, Governor
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THE PROVISIONS OF SUBSECTION (A), FOR USES AND PURPOSES CONSIDERED
DESIRABLE EVEN THOUGH NOT IN CONFORMITY WITH THE URBAN RENEWAL
PLAN.
(D) ANY INSTRUMENT EXECUTED BY THE MUNICIPALITY AND
PURPORTING TO CONVEY ANY RIGHT, TITLE, OR INTEREST IN ANY PROPERTY
UNDER THIS APPENDIX SHALL BE PRESUMED CONCLUSIVELY TO HAVE BEEN
EXECUTED IN COMPLIANCE WITH THE PROVISIONS OF THIS APPENDIX INSOFAR
AS TITLE OR OTHER INTEREST OF ANY BONA FIDE PURCHASERS, LESSEES, OR
TRANSFEREES OF THE PROPERTY IS CONCERNED.
A1-109. EMINENT DOMAIN.
CONDEMNATION OF LAND OR PROPERTY UNDER THE PROVISIONS OF THIS
APPENDIX SHALL BE IN ACCORDANCE WITH THE PROCEDURE PROVIDED IN THE
REAL PROPERTY ARTICLE OF THE ANNOTATED CODE OF MARYLAND.
A1-110. ENCOURAGEMENT OF PRIVATE ENTERPRISE.
THE MUNICIPALITY, TO THE EXTENT IT DETERMINES TO BE FEASIBLE IN
CARRYING OUT THE PROVISIONS OF THIS APPENDIX, SHALL AFFORD MAXIMUM
OPPORTUNITY TO THE REHABILITATION OR REDEVELOPMENT OF ANY URBAN
RENEWAL AREA BY PRIVATE ENTERPRISE CONSISTENT WITH THE SOUND NEEDS
OF THE MUNICIPALITY AS A WHOLE. THE MUNICIPALITY SHALL GIVE
CONSIDERATION TO THIS OBJECTIVE IN EXERCISING ITS POWERS UNDER THIS
APPENDIX.
A1-111. GENERAL OBLIGATION BONDS.
FOR THE PURPOSE OF FINANCING AND CARRYING OUT AN URBAN
RENEWAL PROJECT AND RELATED ACTIVITIES, THE MUNICIPALITY MAY ISSUE
AND SELL ITS GENERAL OBLIGATION BONDS. ANY BONDS ISSUED BY THE
MUNICIPALITY PURSUANT TO THIS SECTION SHALL BE ISSUED IN THE MANNER
AND WITHIN THE LIMITATIONS PRESCRIBED BY APPLICABLE LAW FOR THE
ISSUANCE AND AUTHORIZATION OF GENERAL OBLIGATION BONDS BY THE
MUNICIPALITY, AND ALSO WITHIN LIMITATIONS DETERMINED BY THE
MUNICIPALITY.
A1-112. REVENUE BONDS.
(A) IN ADDITION TO THE AUTHORITY CONFERRED BY SECTION A1-111
OF THIS APPENDIX, THE MUNICIPALITY MAY ISSUE REVENUE BONDS TO
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- 4881 -
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