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ADM

THE MODERN

LAW OF RAILWAYS

AS DETERMINED BY

THE COURTS AND STATUTES OF ENGLAND

AND THE UNITED STATES.

BY

CHARLES FISK BEACH, JR.

OF THE NEW YORK BAR.

THOR

OF

"COMMENTARIES ON THE LAW OF RECEIVERS,
"THE LAW OF CONTRIBUTORY NEGLIGENCE," "WILLS," ETC.,
AND EDITOR OF "THE RAILWAY AND CORPORATION

LAW JOURNAL."

IN TWO VOLUMES.

VOL. II.

SAN FRANCISCO:
BANCROFT-WHITNEY COMPANY,
Law Publishers, Booksellers and Importers.

1890.

THE LAW OF RAILWAYS.

ERS

CHAPTER XXIII.

RAILWAY MORTGAGES AND MORTGAGE TRUSTEES.

§ 602. Of the power of corporations in general to borrow and to mortgage.
§ 603. Of the power of railway companies to borrow and to mortgage.
§ 634. Statutes authorizing borrowing and mortga zing.
§ 605. Statutory restrictions-Exceptions in favor of current obligations-

Lloyd's bonds.
$ 665. Of the extent of the statutory authority.
§ 697. Authority to guaranty the bonds of other corporations.
$ 608. Authority to mortgage property and to mortgage franchises, dis-

tinguished 8 609. Of the authority of directors herein. § 610. Legislative recognition of ultra vires mortgage. $ 611. Oi the reme lies of shareholders and creditors with respect to an

ultra vires mortgage or debt. § 612. Of the manner of executing mortgages. § 613. Of defective and informal mortgages. $ 614. The same subject, continuedl–Of bonds secured by statutory lien. § 615. Mortgages t) be recorded. § 616. What property is covered by a mortgage. § 617. (a). Of the effect of general words of description. § 618. (6). Whether general words of description include future acquizi.

tions. § 619. (c). Of choses in action and calls. § 620. (d). Of the effect of express words of futurity- Appurtenances.

621. (e). Of fixtures.

622. (f). Of rolling stock. 8 623. (g). Of earnings.

BEACH ON RAILWAYS--63