This text of New York § 146 (Foreclosure of mortgages made by consolidated railroads partly in the state) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§ 146. Foreclosure of mortgages made by consolidated railroads partly\nin the state. Whenever a railroad corporation of this or of any other\nstate or states whose line of road lies partly in this state and partly\nin another state or states, shall have executed a mortgage upon its\nentire line of railroad, and a sale of the entire line of road under\nsuch mortgage shall have been or may hereafter be ordered, adjudged and\ndecreed by a court of competent jurisdiction of the state or states, or\nby a court of the United States sitting within the state or states in\nwhich the greater part of such line of railroad may be situated, upon\nthe confirmation of such judgment or decree, and of the sale made\nthereunder, by the supreme court of this state or by the circuit court\nof the United St
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§ 146. Foreclosure of mortgages made by consolidated railroads partly\nin the state. Whenever a railroad corporation of this or of any other\nstate or states whose line of road lies partly in this state and partly\nin another state or states, shall have executed a mortgage upon its\nentire line of railroad, and a sale of the entire line of road under\nsuch mortgage shall have been or may hereafter be ordered, adjudged and\ndecreed by a court of competent jurisdiction of the state or states, or\nby a court of the United States sitting within the state or states in\nwhich the greater part of such line of railroad may be situated, upon\nthe confirmation of such judgment or decree, and of the sale made\nthereunder, by the supreme court of this state or by the circuit court\nof the United States in the judicial district in which some part of such\nline of road is situated, such sale shall operate to pass title to the\npurchaser, of that part of the line of railroad lying in this state,\ntogether with its appurtenances and franchises, with the same force and\neffect as if the judgment or decree under which such sale is had, had\nbeen made by a court of competent jurisdiction of this state. Such\njudgment or decree and sale may be so ordered, adjudged, decreed or\nconfirmed in any action or proceeding heretofore or hereafter brought in\nthe supreme court, or in a court of the United States sitting in this\nstate, for the foreclosure of such mortgage, or in aid of an action for\nthat purpose in such other state or states, if it shall appear that such\nconfirmation is for the interest of the public and of the parties, due\nand lawful provision being made for and in respect of any liens upon\nthat part of the line of road or other property sold situate in this\nstate, and for such costs, expenses and charges as may appear to be just\nand lawful. If a receiver of the entire line of such railroad shall have\nbeen, or may hereafter be appointed by such court of competent\njurisdiction of the state in which the greater part of the line of\nrailroad is situated, or by a court of the United States sitting in such\nother state, such receiver may perform, within this state, the duties of\nhis office not inconsistent with the laws of this state, and may sue and\nbe sued in the courts of this state.\n