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A • 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 City Council or 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 11 . 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. 410 Section 12. In case any one or more of the provisions of this resolution, the Indenture , the Agreement, the Bond Purchase Agreement or any of the Bonds and any coupons ap- purtenant thereto issued hereunder shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provision of this resolution, the Indenture, the Agreement , the Bond Purchase Agreement or the Bonds or coupons , but this resolution, the Indenture , the Agreement, the Bond Purchase Agreement and the Bonds and any coupons shall be construed and endorsed as if such illegal or invalid provision had not been contained therein. The terms and conditions set forth in the Indenture , the Agree- , ment and the Bond Purchase Agreement, the pledge of revenues and other sums payable under the Agreement, the creation of the funds provided for in the Indenture, the provisions relating to the handling of the proceeds derived from the sale of the Bonds pursuant to and under the Indenture and the handling of said revenues and other moneys are all com- mitments , obligations and agreements on the part of the Issuer contained in the Indenture , and the invalidity of the Indenture, the Agreement and the Bond Purchase Agreement shall not affect the commitments , obligations and agreements on the part of the Issuer to create such funds and to handle said revenues , other moneys and proceeds of the Bonds for the purposes , in the manner and according to the terms and 41/ conditions fixed in the Indenture , it being the intention - 8 -