It shall not be lawful for any company incorporated by the laws of this commonwealth,
and empowered to construct, make and manage any railroad, canal or other public internal
improvement, while the debts and liabilities, or any part thereof incurred by the
said company to contractors, laborers and workmen employed in the construction or
repair of said improvement remain unpaid, to execute a general or partial assignment,
conveyance, mortgage or other transfer of the real or personal estate of the said
company, so as to defeat, postpone, endanger or delay their said creditors, without
the written assent of the said creditors first had and obtained; and any such assignment,
conveyance, mortgage or transfer shall be deemed fraudulent, null and void, as against
any such contractors, laborers and workmen, creditors as aforesaid.
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