Neither the holder nor the owner of any bond, interest coupon or warrant issued against a local improvement fund shall have any claim therefore against the city of Vancouver by which the same is issued, except for payment from the special assessments made for the improvement for which the bond or warrant was issued, and except also for payment from the local improvement guaranty fund of the city of Vancouver. The city of Vancouver shall not be liable to any holder or owner of a bond, interest coupon or warrant for any loss to the local improvement guaranty fund occurring in the lawful operation thereof. A copy of the foregoing part of this section shall be plainly written, printed or engraved on each bond issued as required by RCW 35.45.070. (Ord. 1378 § 6, 1928; Ord. M-4026 § 13, Renumbered, 10/15/2012)