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4. In approving this Resolution, the City of <br />Portsmouth, including its elected representatives, officers, <br />employees, and agents, shall not be liable, and hereby <br />disclaim all liability for, any damages co any person, direct <br />or consequential, resultinq from (1) the Authority's failure <br />to issue the Refunding Bonds for any reason, or (2) the <br />failure for any reason for the Refunding Bonds to be allocated <br />any portion of Virginia's, volume cap, if applicable. <br /> <br /> This Resolution shall take effect immediately upon its <br />adoption. <br /> <br /> Adopted by the Council of the City of Portsmouth, <br />Virginia, at a meeting held December 13, 1988. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />