If the compensation to be paid for any bridge, which the municipality desires to obtain, cannot be agreed upon between the owners thereof and such municipality, and if the municipality desires to take possession of such bridge, it shall be lawful for it to tender its bond as security to the owner or owners of such bridge,--the condition of which shall be that the said municipality shall pay or cause to be paid such amount of damages as the owner or owners thereof shall be entitled to receive, after the same shall have been agreed upon by the parties, or awarded in the manner provided for by this act. In case the owner or owners of such bridge refuse or do not accept the said bond, the said municipality shall give the owner or owners thereof written notice of the time when the same will be presented for approval; and may present said bond to a court of common pleas of the county wherein said bridge is located, and, when approved, the said bond shall be filed in court for the benefit of said owner or owners, and upon the approval of said bond said municipality may enter upon, appropriate, take, hold, use, and control such bridge.
53 P.S. § 2615