(1) If any applicant for a ferry privilege owns or has the right to use the land proposed as the site of the ferry only on one (1) side of the stream, and the landing on the opposite side is not at an established public highway, the applicant may, pursuant to the Eminent Domain Act of Kentucky, condemn the necessary right-of-way, not more than forty (40) feet wide, for the use of the ferry.
(2) Any person having an established ferry on any river in this state may have condemned, for a period of twenty (20) years or permanently, at his option, not more than one-half (1/2) acre of land adjacent to the ferry for any purpose necessary for the use of the ferry pursuant to the Eminent Domain Act of Kentucky.