, 1959-02-03

U1QN - Gil NO11GAA 0db10 ~ AOAd A01AND - N1A 49, US 900
Of the Virgin Islands, as determined in accordance with
the Housing Act of 1919, amended, and other applicable
law, will be required for the urban renewal project and
that so much Of the funds otherwise appropriated (or that
might be later appropriately by the Legislature for the pur
pose of furnishing such local grant-in-aid or contributions
as may be required for the project, or such additional
funds as may be needed for such purpose, shall be deemed
allocated, committed and encountered for the purpose OF
undertaking and carrying out the urban rneWalp project IN
accordance with the urban renewal plan.
lgl Upon approval Of an urban renewal plan by the
Legislature, the Governor may approve and authorize the
undertaking of the urban renewal project by the Authority
in accordance with the urban renewal plan.
C) An urban renewal plan may be modified at any
time in the same manner as originally approved: Provided,
that if modified after the lease or sale by the Authority Of
real property in the urban renewal area, such modIica-
ton shall be subject to such rights at law or equity as a
lessee or purchaser, or his successor or successors IN inter-
est may be entitled to assert.
ID Upon the approval Of an urban renewal project
by Governor, the provisions OF the urban renewal plan
with respect to the future use and building requirements
applicable to the property covered by said plan shall be
controlling with respect thereto and shall have the force
and effect Of law.
CD Any urban renewal plan as approved by the Lee
gislature in accordance with subsection t) hereof, upon
approval by the Governor Of the urban renewal project
covered by the plan, shall be filed for record in the appro-
pirate, official land records of the Virgin Islands in such a
manner as to afford actual or constructive notice of the
provisions of such plan. AL officials, officers and employees
in charge of the land records Of the Virgin Islands are here
by authorized, directed, & empowered to accept for filing,
and to file, lsuch approved urban renewal plans for pro
jects approved by the Governor. Thereafter, refer
ence in any instrument or document to the provisions of
such recorded plan and the recordation thereof, shall be
for all purposes the same as though the referred to provi-
sion or provisions were setforth IN full in such instrument
or document.
Section SO. Disposal Of properly fer uses in accord
ance with plan
Subject to- such requirements and procedures as the
Federal Government may impose with respect to- Fed
erally-aided urban renewal projects, which shall in any
event prevail
(a) The Authority may sell, lease or otherwise trans
fer real property or any interest therein acquired by it,
and may enter into contracts with respect thereto, in an
urban renewal area for residential, recreational, CONNER
cial, industrial or other uses or for public use, or may
retain such property or interest for public use, in accord
ance with the urban renewal plan, subject to such coven-
ants, conditions and restrictions, including covenants run
ming with the land, as it may deem to be in the public in
terest or necessary to assist in preventing the develop
$3.50 $1,000 ~ E,4,~ I---- 49, L