N.Y. Railroad Law § 147: Powers of corporations organized to acquire and operate railroads partly in the state

§ 147. Powers of corporations organized to acquire and operate

railroads partly in the state. A railroad corporation created under the

laws of the state or states in which the greater part of the line of its

railroad may be situated, or a railroad corporation heretofore or

hereafter created under this chapter or other statutes of this state,

for the purpose of taking title to, and operating, the line of road as

so sold, under a judgment or decree of a court of this state, or of a

court of the United States sitting in this state, for the foreclosure of

a mortgage, with its franchises and appurtenances, may hold, possess and

operate not only those parts of the railroad lying in other states, but

also that part of the line of such railroad lying in this state, and

shall be subject to the duties and liabilities to which such corporation

was, by the laws of this state, subject, and to such further or other

duties and liabilities as are now or may hereafter be imposed by law

upon railroad corporations of this state, and to the provisions of any

other statute of this state concerning the reorganization of

corporations. An exemplified copy of the certificate or certificates of

incorporation, under and by virtue of which any such corporation is

created in any other state, and a certified copy of the judgment or

decree of any court sitting in any other state, under which said

railroad shall have been sold, and a certified copy of the order or

judgment or decree of confirmation and approval required by the

preceding section, or of the order, judgment or decree of the court of

this state, or of the United States in this state, which decreed the

sale, confirming the same, shall be filed in the office of the

department of state for this state, and in the office of the county

clerk of the county where its principal business office in this state is

or shall be located.

This section and the preceding one shall apply in respect of decrees,

foreclosures, sales, confirmations, reorganizations and incorporations,

whether heretofore or hereafter made, provided, however, that nothing in

either of said sections shall affect any action or proceeding pending in

any court, on or before the first day of April, eighteen hundred and

ninety-six, to establish the invalidity of any foreclosure or

reorganization theretofore had, or to enforce any judgment or claim

arising before such foreclosure or reorganization.