Louisiana Statutes
§ 45:1138 — Foreclosure
Louisiana·Title 45 Public Utilities and Carriers
The utility shall remain subject to the mortgage and pledge provided by this Part until the payment in full of the principal of and the interest on the bonds secured thereby, and the mortgage and pledge may be foreclosed by seizure and sale of the encumbered property in the manner provided by law for the foreclosure of conventional mortgages, including the right to executory process.
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Nearby Sections
15
§ 45:1101
Unclaimed freight; sale§ 45:1103
Unclaimed freight; proceeds of sale§ 45:1131
§ 45:1131§ 45:1132
Bonds; by whom authorized§ 45:1133
Form of bond§ 45:1135
Signature on bond§ 45:1136
Sale of bond§ 45:1137
Bonds; mortgage and pledge§ 45:1138
Foreclosure§ 45:1139
Rights of holder of bond§ 45:1140
Title of purchaser§ 45:1141
Priority among series