32:2-12 - Deposit of assessed valuation with clerk of Superior Court; payment by clerk
32:2-12.Ā Deposit of assessed valuation with clerk of Superior Court; payment by clerk
Upon taking actual possession of the real property or any interest therein,Ā the Port Authority shall deposit with the Clerk of the Superior Court a sumĀ equal to the assessed valuation of the real property or interest therein, whichĀ sum shall be paid out by the clerk in accordance with the order or judgment ofĀ the court.
Should said sum be insufficient to permit such payment in full, the Port Authority shall, within twenty days after the entry of the judgment, pay to theĀ clerk such sum as may be necessary to provide for full payment.Ā Any surplusĀ left in the hands of the clerk after the judgment has been entered shall beĀ repaid to the Port Authority.
Amended by L.1953, c. 31, p. 563, s. 6.
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Upon taking actual possession of the real property or any interest therein,Ā the Port Authority shall deposit with the Clerk of the Superior Court a sumĀ equal to the assessed valuation of the real property or interest therein, whichĀ sum shall be paid out by the clerk in accordance with the order or judgment ofĀ the court.
Should said sum be insufficient to permit such payment in full, the Port Authority shall, within twenty days after the entry of the judgment, pay to theĀ clerk such sum as may be necessary to provide for full payment.Ā Any surplusĀ left in the hands of the clerk after the judgment has been entered shall beĀ repaid to the Port Authority.
Amended by L.1953, c. 31, p. 563, s. 6.
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