1030 - Deposit for temporary possession of property.

* §  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