§ 507 — Condemnation certificate of commissioner

§ 507. Condemnation certificate of commissioner. The power of\ncondemnation shall not be exercised by a housing company, except with\nthe authorization of such action by the commissioner, which\nauthorization shall be in the form of a certificate declaring that the\nacquisition of the property is necessary for the construction of a\nproject and that the acquisition is in the public interest and necessary\nfor the public use. Such certificate shall be issued only after a public\nhearing. The certificate shall state the nature of the interest to be\nacquired.\n