Current as of January 01, 2019 | Updated by FindLaw Staff
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The privilege is a first privilege upon the road-beds, tracks, rights of way, and franchises of the railroad, and has priority over all other mortgages or encumbrances and shall be paid by preference out of the proceeds of the sale of the road-beds, tracks, rights of way, and franchises of the railroad, under foreclosure or otherwise.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 9, § 4903. Rank - last updated January 01, 2019 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-9-sect-4903/
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