Laserfiche WebLink
<br />deemed to be the covenants, stipulations, obligations, and agreements of the City <br />• to the full extent authorized or permitted by law, and all such covenants, <br />stipulations, obligations, and agreements shall be binding upon the City upon <br />execution and delivery of such documents. Except as otherwise provided in this <br />resolution, all rights, powers, and privileges conferred and duties and liabilities <br />imposed upon the City or its officers by the provisions of this resolution or of the <br />aforementioned documents to be executed and delivered by the City shall be <br />exercised or performed by the City or by such officers of the City, or such board, <br />body, or agency thereof as may be required by law to exercise such powers and to <br />perform such duties. <br />No covenant, stipulation, obligation, or agreement herein contained or <br />contained in the aforementioned documents shall be deemed to be a covenant, <br />stipulation, obligation, or agreement of any member of the City Council of the <br />• City, or any officer, agent or employee of the City in that person's individual <br />capacity, and neither the City Council of the City nor any officer executing the <br />Bonds shall be liable personally on the Bonds or be subject to any personal liability <br />or accountability by reason of the issuance thereof. <br />?. That except as herein otherwise expressly provided, nothing in this <br />resolution or in the aforementioned documents expressed or implied, is intended or <br />shall be construed to confer upon any person or firm or corporation, other than the <br />City, the Developer or any holder of the Bonds issued under the provisions of this <br />resolution, any right, remedy or claim, legal or equitable, under and by reason of <br />this resolution or any provision hereof, this resolution, the aforementioned <br />documents and all of their provisions being intended to be and being for the sole <br />and exclusive benefit of the City, the Developer and any holder from time to time <br />of the Bonds issued under the provisions of this resolution. The City reserves the <br />• right to withhold execution and delivery of all such documents in the event the <br />5 <br />