12-8,105.   Officials, directors, members not liable on bonds or notes;purchase of insurance authorized.Neither the officials, the directors nor the members of a municipal energyagency nor any person executing bonds or notes shall be liable personallyon the bonds or notes or be subject to any personal liability or accountabilityby reason of the issuance thereof. A municipal energy agency shall havepower to indemnify and to purchase and maintaininsurance on behalf of any director, officer, employee or agent of the municipalenergy agency, in connection with any threatened, pending, or completedaction, suit or proceeding.

      History:   L. 1977, ch. 48, § 21; July 1.