---
kind: "section"
citation: "16 U.S.C. § 33"
title: "16"
title_heading: "Conservation"
number: "33"
heading: "Mortgages by lessees within the park"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/16/33"
units:
  - "Chapter 1 — National Parks, Military Parks, Monuments, and Seashores"
  - "Subchapter V — Yellowstone National Park"
---

# §33. Mortgages by lessees within the park


Any [person](/usc/16/450rr–1.md?p=b), corporation, or company holding a lease within Yellowstone [Park](/usc/16/410r–5.md?p=c-3) for the purposes described in [section 32 of this title](/usc/16/32.md) is authorized, with the approval of the [Secretary](/usc/16/410r–5.md?p=c-1) of the Interior, to execute mortgages upon his or its rights, properties, and franchises, including his or its contract or contracts with the [Secretary](/usc/16/410r–5.md?p=c-1) of the Interior, and such mortgages, together with the approval of the [Secretary](/usc/16/410r–5.md?p=c-1) of the Interior may be filed for record in the office of the [Secretary](/usc/16/410r–5.md?p=c-1) 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](/usc/16/3102.md?p=18) subject to all the conditions assumed by the original lessee or contractor.


## Source credit

(June 4, 1906, ch. 2570, 34 Stat. 207.)