16 U.S.C. § 33 : US Code - Section 33: Mortgages by lessees within the park

Search 16 U.S.C. § 33 : US Code - Section 33: Mortgages by lessees within the park

Any person, corporation, or company holding a lease within
Yellowstone Park for the purposes described in section 32 of this
title is authorized, with the approval of the Secretary of the
Interior, to execute mortgages upon his or its rights, properties,
and franchises, including his or its contract or contracts with the
Secretary of the Interior, and such mortgages, together with the
approval of the Secretary of the Interior may be filed for record
in the office of the Secretary of the Interior, and when so
recorded shall have all the effect of a public record. Any
mortgage, lien, or encumbrance created under the provisions of this
section shall be subject to the rights of the Government to compel
the enforcement of the terms of the lease or contract of the
mortgagor, and any purchaser under a foreclosure of such
encumbrance shall take subject to all the conditions assumed by the
original lessee or contractor.