As additional security for any issue of refunding bonds under this act [article],
the county may, by resolution of its governing body, confer upon the holders of such
refunding bonds all rights, powers and remedies which said holders would be entitled
to if they were the owners and had possession of the bonds for the refinancing of
which such refunding bonds shall have been issued, including, but not limited to,
the preservation of the lien of such bonds on the revenues of such waste collection
and disposal system or other pledged funds, without extinguishment, impairment or
diminution thereof. In the event the county exercises the powers conferred by this
section, each refunding bond shall contain a recital to the effect that the holder
thereof has been granted the additional security provided for in this section, and
each bond refinanced by any such refunding bonds shall be kept intact and shall not
be cancelled or destroyed until the refunding bonds, and the interest thereon, have
been finally paid and discharged, and shall be stamped with a legend to the effect
that such bond has been refinanced pursuant to this act [article].
