Section 151. Mortgagee may purchase at foreclosure sale  


Latest version.
  • Any mortgagee of
      the property and franchises of any railroad corporation may  become  the
      purchaser  of  the  same  at  any  sale thereof under the mortgage, upon
      foreclosure by  advertisement,  or  under  a  judgment,  or  decree,  or
      otherwise, and hold and use the same, with all the rights and privileges
      belonging  thereto  or connected therewith for the period of six months,
      and convey the same to any railroad corporation.