Title to the aforesaid properties, facilities, and franchises, and the right of entry thereon, shall pass to the city only upon payment by it of the amount of compensation or damages finally determined as herein provided, unless, prior to such payment, the city shall tender its bond as security therefor, the condition of which shall be the payment by the city of the compensation or damages finally determined, as herein provided. Should any party claiming compensation or damages be dissatisfied with the amount of the bond so tendered, or refuse to accept the same, the city shall give written notice of the time when said bond will be presented to the court of common pleas of said county for approval and, upon approval of said court, such bond shall be duly filed and, upon the filing thereof as herein provided, the city shall have the right to enter upon, take, use, occupy, and appropriate said properties, facilities, and franchises.
53 P.S. § 15570