When any such railroad is in the possession of a trustee, he shall have the same rights, powers and privileges as are conferred upon railroad companies; and all expenses and damages incurred in good faith by such trustee in possession, to improve the lines of the railroad so in his charge, shall be reimbursed to him from the earnings of such railroad while he has the possession thereof.
(1949 Rev., S. 5636.)
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.