136

LAWS OF MARYLAND

Ch. 80

REIMBURSEMENT OR COMPENSATION IS NOT OTHERWISE MADE,
INCLUDING THE MAKING OF PAYMENTS FINANCED BY THE FEDERAL
GOVERNMENT;

(C)    TO APPROPRIATE WHATEVER FUNDS AND MAKE
WHATEVER EXPENDITURES AS MAY BE NECESSARY TO CARRY OUT
THE PURPOSES OF THIS SUBHEADING, INCLUDING, BUT NOT
LIMITED:

(1)    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;

(2)    TO LEVY TAXES AND ASSESSMENTS FOR THOSE
PURPOSES;

(3)    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;

(4)    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;

(D)    (1) TO HOLD, IMPROVE, CLEAR OR PREPARE FOR
REDEVELOPMENT ANY PROPERTY ACQUIRED IN CONNECTION WITH
URBAN RENEWAL PROJECTS;

(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 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