1030 - Deposit for temporary possession of property. - New York Statutes

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