Section 1292. Agreement of the state

The state does hereby pledge to and
  agree with the holders of any notes or bonds issued  under  this  title,
  that  the  state will not limit or alter the rights hereby vested in the
  corporation 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  notes  or  bonds,  together with the interest thereon, with
  interest on any unpaid installments  of  interest,  and  all  costs  and
  expenses  for  which  the  corporation  is liable in connection with any
  action or proceeding by or on behalf of such holders, are fully met  and
  discharged.  The  corporation  is  authorized to include this pledge and
  agreement of the state in any agreement with the holders of  such  notes
  or bonds.