New Jersey Acts Saved from Repeal ACTS SAVED 48 § 12-144(2)

2. After such approval and confirmation, any railroad corporation duly created under the laws of the state in which the greater part of the mortgaged premises are situated and which shall have acquired or become possessed of the greater part of said mortgaged premises, may acquire, hold, possess and operate the part of the mortgaged premises with their appurtenances, in this state, and the other property and rights covered by said mortgage, and shall have and possess all the rights, powers, privileges and franchises (subject to the duties and obligations attached thereto) theretofore possessed, in this state by the corporation executing the mortgage resulting in such judgment or decree of sale, and also all such as now are or hereafter may be conferred upon railroad corporations organized unde[r] the general laws of this state.