§ 1054. Powers of the authority. The authority shall have power:\n 1. To sue and be sued;\n 2. To have a seal and alter the same at pleasure;\n 3. To acquire, in the name of the authority, lease, hold and dispose\nof personal property or any interest therein for its corporate purposes,\nincluding the power to purchase prospective or tentative awards in\nconnection with the exercise of the power of condemnation hereinafter\ngranted;\n 4. To purchase, in the name of the authority, any water supply system,\nwater distribution system, including plants, works, instrumentalities or\nparts thereof and appurtenances thereto, lands, easements, rights in\nland and water rights, rights-of-way, contract rights, franchises,\napproaches, connections, dams, reservoirs, water mains and pipe lines,\npumping stations and equipment, or any other property, real, personal or\nmixed, incidental to and included in such system or part thereof, and\nany improvements, extensions, and betterments, situated within the\ncounty of Erie, provided however that the authority shall have the power\nto purchase any source of supply, or water supply system or any part\nthereof situated without the county of Erie; and in connection with the\npurchase of such properties the authority may assume any obligations of\nthe owner of such properties and, to the extent required by the terms of\nany indentures or other instruments under which such obligations were\nissued, the authority may assume and agree to perform convenants and\nobserve the restrictions contained in such instruments; and furthermore\nthe owner of any properties, which the authority is authorized to\nacquire, is hereby authorized to sell or otherwise transfer the same to\nthe authority, whereupon the authority shall become charged with the\nperformance of all public duties with respect to such properties with\nwhich such owner was charged and such owner shall become discharged from\nthe performance thereof, and in the case of a sale or other transfer of\nproperties of a public utility corporation pursuant to this provision,\nit shall be lawful to dissolve such corporation;\n 5. To condemn, in the name of the authority, any water supply system,\nwater distribution system, including plants, works, instrumentalities,\nor parts thereof and appurtenances thereto, lands, easements, rights in\nland and water rights, rights-of-way, contract rights, franchises,\napproaches, connections, dams, reservoirs, water mains and pipe lines,\npumping stations and equipment, or any other property, real, personal or\nmixed, incidental to and included in any such source of supply or any\nsuch system or parts thereof, and any improvements, extensions and\nbetterments, situated within the county of Erie, and to condemn any\nnecessary source of supply or water supply system, or any parts thereof,\nsituated without the county of Erie. The authority shall exercise the\npower of condemnation hereby granted in the manner provided in the\ncondemnation law or in the manner provided by law for the condemnation\nof land by the county of Erie. Upon the taking of the constitutional\noath of office by the commissioners of appraisal and the filing of such\noaths, title to the properties described in the condemnation proceedings\nshall become and be vested in the authority as hereinafter provided in\nthis title and such authority shall be entitled to enter into possession\nof the property condemned and to operate the same for its corporate\npurposes. Upon the vesting of title in the authority, any person\nentitled to a final award shall have and retain a lien upon such\nproperty to secure the payment of such compensation with interest, as\nshall be directed to be paid by the final order in the condemnation\nproceeding. The lien shall be discharged and satisfied by payment of the\ncompensation, with interest directed to be paid by the final order, less\nany sums, with interest paid in advance of the determination of the\nfinal award in
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