SEC. 43-35-11. Finding of necessity by local governing body; election.
No municipalities shall exercise the authority hereafter conferred upon municipalities by this article until after its local governing body shall have adopted a resolution finding that: (1) one or more slum or blighted areas exist in such municipality; and (2) the rehabilitation, conservation, redevelopment, or a combination thereof, of such area or areas is necessary in the interest of the public health, safety, morals or welfare of the residents of such municipality.
SOURCES: Codes, 1942, Sec. 7342-05; Laws, 1958, ch. 518, Sec. 5; 1962, ch. 558; 1980, ch. 441, Sec. 4, eff from and after passage (approved May 2, 1980).