The moneys to be raised by virtue of this act, shall be applied and expended to and for the purpose of supplying the city of New- York with pure and wholesome water, according to the plan so adopted and ratified, with such immaterial alterations as may be necessary, and by and under the direction of the said Commissioners. 12. The said Commissioners are hereby authorized to enter upon any land or water, for the purpose of making surveys, and to agree with the owner of any property which may be required for the purposes of this act, as to the amount of compensation so paid to such owner. 13. In case of disagreement between the Commissioners and the owner of any property which may be required for the said purposes, or aifected by any operation connected therewith, as to the amount of compensation to be paid to such owner, or in case any such owner shall be an infant, a married woman, or insane, or absent from this state, the Vice Chancellor of the first circuit may, upon the application of either party, nominate and appoint three indifferent persons to. examine such property, and to estimate the value thereof, or damage sustained thereby, and to report thereon to the said court without delay.

14. Whenever such report shall have been confirmed by the said Vice-Chancellor, the said Commissioners shall, within two months thereafter, pay to the said owner, or to such person or persons as the court may direct, the sum mentioned in said report, in full compensation for the property so required, or for the damage sustained, as the case may be and thereupon the said Mayor, Aldermen and Commonalty shall become seized in ;