Page:United States Statutes at Large Volume 72 Part 1.djvu/1145

 72 S T A T. ]

PUBLIC LAW 85-854-AUG. 28, 1958

1103

ply with the terms of the sale of a project area or part thereof and includes the successors or assigns and successors in title of any purchaser.'-; (4) by striking the word "the" where it first appears and inserting in lieu thereof the word "any"' and by striking the word "assembled" and inserting in lieu thereof the word "acquired" in the first sentence of section 7(a) thereof; D.C. code 5-706. (5) by striking the first sentence of section 7(b) and inserting a °*^* ^°'*® 5-706. new first sentence as follows: "The Agency, after it has acquired any or all of the real property in the project area, shall have the power to lease or sell so much thereof as is not to be devoted to public use, as an entirety or parts thereof separately to lessees or purchasers."; (6) by striking the word "remainder" and inserting in lieu thereof the words "real property" in the second sentence of section 7(b) thereof; (7) by substituting the following sentence for the second sentence in section 7(d): "Every such lease and every contract of D.C.code 5-706. sale and deed shall provide that the lessee or purchaser shall (1) devote the real property to the uses specified in the approved project area redevelopment plan or approved modifications thereof; (2) begin within a reasonable time any improvements on the real property required by the plan; and (3) comply with such other conditions as the Agency may find necessary to carry out the purposes of this Act: Provided, That clause (2) of this sentence shall not apply to a mortgagee or trustee under deed of trust or others who acquire an interest in such real property as the result of the enforcement of any lien or claim thereon."; (8) by inserting "(except to a mortgagee or trustee under a deed of t r u s t) " after the words "no power to convey" and by striking "or mortgagee" in section 7(e) thereof; D.C.code5-706. (9) by striking section 7(f) thereof and redesignating sub- D.C.code5-706. sections (g), (h), and (i) of section 7 as subsections (f), (g), and (h) respectively: (10) by striking "redevelopment company, individual, or partnership" in the second sentence of section 7(f) as redesignated by D.C.code 5-706. paragraph 9 of this amendatory Act and inserting in lieu thereof "lessee or purchaser"; (11) by inserting the following new subsection (i) at the end of section 7 thereof: D.C. code 5.706. " (i) In the lease or sale of a project area or part thereof which is designated for commercial or industrial use under the project area redevelopment plan, the Agency shall establish a policy which in its judgment will provide, to business concerns which are displaced from a project area, a priority of opportunity to relocate in commercial or industrial facilities provided in connection with such development."; (12)(a) by striking in the first paragraph of section 10, D.c.code5-706. "After the Agency shall have assembled and acquired the real property of a project area, it" and inserting "Before leasing or selling any piece or tract of land in the project area which is to be used for private uses or for low rent housing, the Agency"; (b) by striking "each piece or tract of land within the area which, in accordance with the plan, is to be used for private uses or for low rent housing" and inserting "such piece or tract of land"; and (c) by striking the second paragraph of section 10 and inserting a new second paragraph as follows: "The aggregate use-values placed by the Agency upon pieces or tracts of land within a particular project area leased or sold by the Agency for private uses and for low-rent housing, shall not be less 98395-59-PT. 1-70

�