§16-15-2. Legislative declaration of necessity for creation of
housing authority corporations.
It is hereby declared as a matter of legislative determination
that in order to promote and protect the health, safety, morals and
welfare of the public, it is necessary in the public interest to
provide for the creation of public corporate bodies to be known as
housing authorities, and to confer upon and vest in said housing
authorities all powers necessary or appropriate in order that they
may engage in low and moderate cost housing development and slum
clearance projects; and that the powers herein conferred upon the
housing authorities, including the power to acquire and dispose of
property, to remove unsanitary or substandard conditions, to
construct and operate housing developments and to borrow, expend
and repay moneys for the purpose herein set forth, are public
objects essential to the public interest.