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full extent authorized or permitted by law, and all such covenants, stipulations, obligations and agreements shall be binding upon the Issuer. Except as otherwise provided in this resolution, all rights, powers and privileges conferred and duties and liabilities imposed upon the Issuer or the City Council thereof by the provisions of this resolution or the Indenture, the Agreement or the Bond Purchase Agreement shall be exercised or performed by the Issuer or by such members of the City Councilor by such officers, board, body or agency thereof as may be required by law to exercise such powers and to perform such duties. No covenant, stipulation, obligation or agreement herein contained or contained in the Indenture, the Agreement or the Bond Purchase Agreement shall be deemed to be a cove- nant, stipulation, obligation or agreement of any member of the Ci ty Councilor any officer, agent or employee of the Issuer in that person's individual capacity, and neither the City Council of the Issuer nor any officer executing the Bonds shall be liable personally on the Bonds or be subject to any personal liability or accountability by reason of the issuance thereof. Section 7. Except as herein otherwise expressly pro- vided, nothing in this resolution or in the Indenture, ex- press or implied, is intended or shall be construed to con- fer upon any person or firm or corporation other than the Issuer, the holders of the Bonds issued under the provisions of this resolution and the Indenture and the Trustee any right, remedy or claim, legal or equitable, under and by reason of this resolution or any provision hereof or of the Indenture or any provision thereof; this resolution, the Indenture and all of their provisions being intended to be and being for the sole and exclusive benefit of the Issuer and the holders from time to time of the Bonds issued under the provisions of this resolution and the Indenture. Section 8. In case anyone or more of the provisions of this resolution, the Indenture, the Agreement, the Bond Purchase Agreement or any of the Bonds issued hereunder shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provi- sion of this resolution, the Indenture, the Agreement, the Bond Purchase Agreement or the Bonds, but this resolution, the Indenture, the Agreement, the Bond Purchase Agreement and the Bonds shall be construed and endorsed as if such illegal or invalid provision had not been contained therein. The terms and condi tions set forth in the Inden- ture, the Agreement and the Bond Purchase Agreement, the pledge of revenues and other sums payable under the Agree- ment, the creation of the funds provided for in the Inden- ture, the provisions relating to the handling of the pro- - 6 -