There Is a Newer Version of the Louisiana Laws
2011 Louisiana Laws
Revised Statutes
TITLE 9 — Civil code-ancillaries
RS 9:4903 — Rank
LA Rev Stat § 9:4903 What's This?
§4903. Rank
The privilege is a first privilege upon the road-beds, tracks, rights of way, and franchises of the railroad, and has priority over all other mortgages or encumbrances and shall be paid by preference out of the proceeds of the sale of the road-beds, tracks, rights of way, and franchises of the railroad, under foreclosure or otherwise.
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