A. Authority Created. A public authority is created to plan, design, finance, acquire, construct, equip, own, maintain, operate, repair, remodel, expand, or promote the Vancouver Hotel and Convention Center Project.

B. City Liability Limited. The authority is an independent legal entity exclusively responsible for its own debts, obligations and liabilities. All liabilities incurred by the authority shall be satisfied exclusively from the assets and properties of the authority and no creditor or other person shall have right of action against the city, town, or county creating the authority on account of any debts, obligations, or liabilities of the authority. (Ord. M-3738 §2, 2006; Ord. M-3302, 1997)