When, after notice to the interested parties and due hearing thereon, the public service commission shall determine that the owner or owners of the utility or improvement have been paid in full out of the net revenues arising from the operation thereof, the commission shall issue a certificate of ownership revesting the title and ownership of such utility and improvement in the municipality or municipalities.
40-34-12. Appeal from decision of public service commission in revesting title - Conditions. Any party in interest feeling aggrieved by the determination of the public service commission revesting the title to and ownership of the utility or improvement in the municipality or municipalities may appeal, within sixty days after the date of the issuance of such certificate of ownership or other decision by such commission, to the district court of the county in which such utility or improvement, or some part thereof, is located, for a review and trial de novo of the determination of the public service commission therein. The court, in such a case, may permit the party in possession to continue the operation of such utility and improvement upon the giving of a suitable bond, with such surety and upon such conditions as the court may fix.