Sec. 16-241. Mortgage by telegraph company.
Sec. 16-241. Mortgage by telegraph company. The mortgage by any telegraph
company, to secure its bonds or other evidences of indebtedness, of all or any part of
its lines, appliances, machines or machinery, whether owned by it at the date of such
mortgage, or thereafter to be acquired by it, or both, shall be valid and effectual as
respects all the property therein included and may be foreclosed in the same manner as
mortgages of real estate; and the record thereof in the office of the Secretary of the
State shall be a sufficient record and notice to protect the title under the mortgage,
notwithstanding such company may remain in possession of all or any part of the mortgaged property.
(1949 Rev., S. 5653.)