Nothing in sections 16-219 to 16-223, inclusive, shall affect any mortgage, trust or lien upon the property foreclosed, which was created prior to the mortgage, trust or lien, under which such trustee may act; but the trustees for all such prior encumbrancers may proceed, by foreclosure or otherwise, notwithstanding any act or proceedings by subsequent encumbrancers or their trustees.
(1949 Rev., S. 5635.)
Structure Connecticut General Statutes
Title 16 - Public Service Companies
Chapter 282 - Railroad and Railway Bonds and Mortgages
Section 16-216. - Issuance of bonds.
Section 16-217. - Securing of bonds by mortgage.
Section 16-218. - Property subsequently acquired covered by mortgage; foreclosure.
Section 16-219. - Surrender of road to mortgage trustee.
Section 16-220. - Liability of trustee limited.
Section 16-222. - Accounts. Trustee may complete foreclosure.
Section 16-223. - Court may remove trustee and appoint successor.
Section 16-224. - Prior encumbrancers not affected.
Section 16-225. - Trustee to have same powers as company.
Section 16-226. - Administration expenses.
Section 16-227. - Purchasers under foreclosure may reorganize corporation. Certificate.