If the utility shall have replied in the negative or if it shall have failed to reply within the time prescribed in section 2907 of this chapter, the municipality, in the event that it shall have passed the votes required in sections 2903 and 2904 of this chapter, may take such private plant and property by the exercise of the right of eminent domain, paying just compensation determined in the manner provided in section 2909 of this chapter, or, after the Commission upon proper notice and hearing has determined that it will promote the general good of the State to do so, may construct a municipal plant.
30 V.S.A. § 2910