11-1104 - Acquisition of existing system. - New York Statutes

§ 11-1104. Acquisition of existing system. If a resolution be adopted for the acquisition of an existing system of water works, the board of water commissioners may purchase the same at a price not exceeding the sum specified therein. If the board cannot agree with the owners of the system for its purchase, proceedings may be taken to acquire the same pursuant to the provisions of the eminent domain procedure law.