Upon the payment of the damages by the corporation, as determined upon by the commissioners, with the costs and charges thereupon accruing, or upon the deposit of the same by the corporation in such bank or with such clerk of the Supreme Court as the commissioners direct, to the credit of the person to whom the damages have been awarded, such bank or clerk giving notice personally or by mail to such persons that such deposit has been made, the corporation shall be deemed to be seized and possessed of the land or other property appraised by the commissioners.