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hereby declares itself to bethe agency provided in Section 1 <br />hereof, and that all the rights, powers, duties, privileges and <br />immunities vested by the Co~unity Redevelopment Law in such <br />agency shall be, and are, vested in said Council. <br /> <br /> SECTION 4. This ordinance shall be effective 30 days from <br /> the date of its adoption. <br /> <br /> -2- <br /> <br /> <br />