Title 16 — Title 16: Public Service Companies
19 chapters · 537 sections in this title.
Conn. Gen. Stat. § 16-216 Issuance of bonds.
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Sec. 16-216. Issuance of bonds. Each railroad company may borrow money and give its bonds therefor, signed by its president and countersigned by its treasurer, and may dispose thereof as authorized by its stockholders. Any bonds issued by virtue of the general authority conferred…
Conn. Gen. Stat. § 16-217 Securing of bonds by mortgage.
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Sec. 16-217. Securing of bonds by mortgage. Any railroad company may secure its lawfully issued bonds by a mortgage of its property, or any part thereof, by deed executed by its president, under the corporate seal, to the Treasurer of the state and his successors in office, or ot…
Conn. Gen. Stat. § 16-218 Property subsequently acquired covered by mortgage; foreclosure.
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Sec. 16-218. Property subsequently acquired covered by mortgage; foreclosure. When any railroad company has mortgaged, or mortgages, its railroad, pursuant to law, to secure its bonds, and has included or includes in such mortgage all or any part of its rolling stock, locomotives…
Conn. Gen. Stat. § 16-219 Surrender of road to mortgage trustee.
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Sec. 16-219. Surrender of road to mortgage trustee. When any such company has mortgaged its property or any part thereof to any person, in trust, for the security of its creditors, or any class of them, and has made default in the payment of principal or interest due such credito…
Conn. Gen. Stat. § 16-220 Liability of trustee limited.
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Sec. 16-220. Liability of trustee limited. When any such trustee has taken possession of any property pursuant to the provisions of section 16-219, or pursuant to any authority contained in the mortgage or deed of trust, he shall take charge of and operate such railroad or railro…
Conn. Gen. Stat. § 16-221 Inventory.
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Sec. 16-221. Inventory. The trustee, upon taking possession of such property, shall make, under oath, an inventory of all property which comes into his possession and lodge it for record in the office of the Secretary of the State; and, if any other property afterward is discover…
Conn. Gen. Stat. § 16-222 Accounts. Trustee may complete foreclosure.
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Sec. 16-222. Accounts. Trustee may complete foreclosure. The trustee, while operating such road, shall file quarterly, in the office of the Secretary of the State, an account of all moneys received or disbursed by him in the course of his agency; and may proceed at his discretion…
Conn. Gen. Stat. § 16-223 Court may remove trustee and appoint successor.
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Sec. 16-223. Court may remove trustee and appoint successor. If such trustee neglects or unnecessarily delays to perform his duties, any creditor represented by such trustee may apply to the superior court for any judicial district in which such railroad or any part thereof is lo…
Conn. Gen. Stat. § 16-224 Prior encumbrancers not affected.
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Sec. 16-224. Prior encumbrancers not affected. 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 al…
Conn. Gen. Stat. § 16-225 Trustee to have same powers as company.
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Sec. 16-225. Trustee to have same powers as company. 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 pos…
Conn. Gen. Stat. § 16-226 Administration expenses.
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Sec. 16-226. Administration expenses. The expenses of operating such railroad or other property, including repairs and all other reasonable expenses of the trustee, and any damages incurred for any injury sustained during the time of his execution of such trust, and all claims se…
Conn. Gen. Stat. § 16-227 Purchasers under foreclosure may reorganize corporation. Certificate.
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Sec. 16-227. Purchasers under foreclosure may reorganize corporation. Certificate. Whenever the property and franchises of any railroad company have been sold pursuant to a judgment or decree of a court of competent jurisdiction, in a suit for the enforcement of foreclosure of a …