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Section 7. Limited Obligation; Special Obligation. The Financing Documents are payable solely from the Pledged Property and the Financing Documents do not constitute a debt within the meaning of any constitutional or statutory limitation or provision. Section 8. No Recourse against Officers and Agents. Pursuant to Section 11- 57 -209 of the Supplemental Act, if a member of the Board, or any officer or agent of the District acts in good faith, no civil recourse shall be available against such member, officer, or agent for payment of the principal of or interest on the Promissory Note. Such recourse shall not be available either directly or indirectly through the Board or the District, or otherwise, whether by virtue of any constitution, statute, rule of law, enforcement of penalty, or otherwise. By the acceptance of the Promissory Note and as a part of the consideration of its sale or purchase, CWCB specifically waives any such recourse. Section 9. Disposition and Investment of Loan Contract Proceeds. The proceeds of the Loan Contract shall be applied only to pay the costs and expenses of acquiring, constructing and equipping the Project, including cost4ated thereto and reimbursement to the District for capital expenditures heretofore inc of the incurrence of long -term financing th thereto, including without limitation the costs be responsible for the application or disposal derived from the Loan Contract. In the event funds in anticipation costs and expenses incident Loan Contract. CWCB shall not or any of its officers of the funds of the proceeds of the Loan Contract are not required to pay such costs and expenses, any remaining amount shall be used for the purpose of paying the principal amount of the Loan Contract and the interest thereon. Section 10. Estimated Life of Improvements. It is hereby determined that the estimated life of the Project to be financed with the proceeds of the Loan Contract is not less than the final maturity of the Loan Contract. Section 11. Direction to Take Authorizing Action. The appropriate officers of the District and members of the Board are hereby authorized and directed to take all other actions necessary or appropriate to effectuate the provisions of this Resolution, including but not limited to such certificates and affidavits as may reasonably be required by CWCB. H