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 other trustee, in trust for the holders of such bonds. Such mortgage shall be recorded in the office of the Secretary of the State and need not be recorded in the records of towns within which the property so mortgaged is situated.
Conn. Gen. Stat. § 16-217
Securing of bonds by mortgage
(1949 Rev., S. 5628; P.A. 85-246, S. 14.) History: P.A. 85-246 deleted reference to street railway companies.
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.