2006 New York Code - Foreclosure Of Mortgages Made By Consolidated Railroads Partly In The State.

 
    §  146. Foreclosure of mortgages made by consolidated railroads partly
  in the state.  Whenever a railroad corporation of this or of  any  other
  state  or states whose line of road lies partly in this state and partly
  in another state or states, shall have  executed  a  mortgage  upon  its
  entire  line  of  railroad,  and a sale of the entire line of road under
  such mortgage shall have been or may hereafter be ordered, adjudged  and
  decreed  by a court of competent jurisdiction of the state or states, or
  by a court of the United States sitting within the state  or  states  in
  which  the  greater  part of such line of railroad may be situated, upon
  the confirmation of such judgment  or  decree,  and  of  the  sale  made
  thereunder,  by  the supreme court of this state or by the circuit court
  of the United States in the judicial district in which some part of such
  line of road is situated, such sale shall operate to pass title  to  the
  purchaser,  of  that  part  of the line of railroad lying in this state,
  together with its appurtenances and franchises, with the same force  and
  effect  as  if  the judgment or decree under which such sale is had, had
  been made by a court of  competent  jurisdiction  of  this  state.  Such
  judgment  or  decree  and  sale  may be so ordered, adjudged, decreed or
  confirmed in any action or proceeding heretofore or hereafter brought in
  the supreme court, or in a court of the United States  sitting  in  this
  state,  for the foreclosure of such mortgage, or in aid of an action for
  that purpose in such other state or states, if it shall appear that such
  confirmation is for the interest of the public and of the  parties,  due
  and  lawful  provision  being  made for and in respect of any liens upon
  that part of the line of road or other property  sold  situate  in  this
  state, and for such costs, expenses and charges as may appear to be just
  and lawful. If a receiver of the entire line of such railroad shall have
  been,  or  may  hereafter  be  appointed  by  such  court  of  competent
  jurisdiction of the state in which the  greater  part  of  the  line  of
  railroad is situated, or by a court of the United States sitting in such
  other state, such receiver may perform, within this state, the duties of
  his office not inconsistent with the laws of this state, and may sue and
  be sued in the courts of this state.