2715 - Agreement of the state.

§  2715.  Agreement  of  the state. The participating counties and any  municipalities within their boundaries are authorized to and  the  state  does  hereby  pledge to and agree with the owners of any bonds issued by  the authority, that they will not  limit  or  alter  the  rights  hereby  vested in the authority to fulfill the terms of any agreements made with  the  holders  thereof,  or  in any way impair the rights and remedies of  such holders until such bonds, together with the interest thereon,  with  interest  on  any  unpaid  installments  of  interest, and all costs and  expenses in connection with any action or proceeding by or on behalf  of  such  holders, are fully met and discharged. The authority is authorized  to include this pledge and agreement of the state in any agreement  with  the holders of such bonds.