§ 1030 — Deposit for temporary possession of property

* § 1030. Deposit for temporary possession of property. Whenever the\nauthority, in any proceedings instituted by it for the acquisition of\nany existing plant or plants by condemnation, shall make application for\ntemporary possession pursuant to the provisions of section twenty-four\nof the condemnation law, the sum to be fixed by the court for deposit,\nas a condition of granting such application, need not exceed ten per\ncentum of the assessed valuation of the real property sought to be\nacquired in such proceeding as such assessed valuation appeared upon the\nlast assessment rolls for state or county taxes prior to the\ncommencement of such proceeding.\n * NB Terminated July 1, 1963\n