17-4746.   Finding of necessity; resolution.No municipality shall exercise any of the powers hereafter conferred bythis act until after its local governing body shall have adopted aresolution finding that: (1) One or more slum or blighted areas exist insuch municipality and (2) the rehabilitation, conservation, orredevelopment, or a combination thereof, of such area or areas is necessaryin the interest of the public health, safety, morals or welfare of theresidents of such municipality.

      History:   L. 1955, ch. 86, § 5; June 30.