§ 40-58-14 — Title of purchaser

Any instrument executed by a municipality and purporting to convey any right, title, or
interest in any property under this chapter shall be conclusively presumed to have been
executed in compliance with the provisions of this chapter insofar as title or other interest of any
bona fide purchasers, lessees, or transferees of such property is concerned.
40-58-15. Exercise of urban renewal project powers.
1. A municipality may itself exercise its urban renewal project powers, as defined by this
section, or may, if the governing body by resolution determines the action to be in the
public interest, elect to have those powers exercised by the urban renewal agency
created by section 40-58-16 or by the housing authority, if one exists or is
subsequently established in the community. In the event the governing body makes
that determination, the urban renewal agency or the housing authority, as the case
may be, is vested with all of the urban renewal project powers in the same manner as
though those powers were conferred on the agency or authority instead of the
municipality. However, an urban renewal agency or housing authority may not exercise
any rights, powers, functions, and duties of a municipality under this chapter which
relate to the development of industrial or commercial property under section