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the above- mentioned statutory powers for bond financing of <br />the fees specified herein; provided, however, that`the fees <br />collected by any individual member of the Agency may be <br />excluded as security for or as a source for such financing if <br />the Board, upon the approval of not less than two - thirds <br />(2/3) of its members, so provides. <br />VIII <br />LIABILITIES <br />8.1 Liabilities. <br />The debts, liabilities, and obligations of the <br />Agency shall be the debts, liabilities, or obligations of the <br />Agency alone and not of the parties to this Agreement, unless <br />expressly specified herein. <br />8.2 Hold Harmless and Indemnity. <br />Each party hereto agrees to indemnify and hold the <br />other parties harmless from all liability for damage, actual <br />` or alleged, to persons or property arising out of or result - <br />,- ing from negligent acts or omissions of the indemnifying <br />party :or its employees. Where the Board itself or its agents <br />or employees are held liable for injuries to persons or prop- <br />erty, each party's liability for contribution or indemnity <br />for such injuries shall be based proportionately upon the <br />contributions (less voluntary contributions) of each member. <br />In the event of liability imposed upon any of the parties to <br />this Agreement, or upon the Board created by this Agreement, <br />for injury which is caused by the negligent or wrongful act <br />-22- <br />