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the Bonds or the interest thereon or other costs incident thereto. Neither the City, nor any of its <br />elected representatives, officers, or employees, nor the commissioners of the Authority, nor any <br />employee of the Authority, nor any officer of the Authority shall be liable personally on the <br />Bonds by reason of their issuance. <br />4. In adopting this resolution, the City, including its elected representatives, officers, <br />employees and agents, shall not be liable for, and hereby disclaims all liability for, any damages <br />to any person, direct or consequential, resulting from the Authority's failure to issue the Bonds <br />for any reason. <br />5. This resolution shall take effect immediately upon its adoption. <br />ADOPTED by the Council of the City of Portsmouth, Virginia, at a meeting held on the <br />May 24, 2016. <br />Teste: <br />City Clerk <br />