Every Director of the Municipal, Civic and Cultural Fund shall be held harmless, exonerated and shall be indemnified by the city against all expenses, losses and liabilities including attorney fees reasonably incurred by or imposed upon him or her in connection with any legal proceeding to which he or she may be made a party or in which he or she may become involved by reason of his or her being or having been a Director of the Fund or in connection with any settlement of any legal proceeding made with court approval, whether or not he or she is a Director at the time the expenses or losses are incurred, except in such cases wherein the Director is adjudged to be liable for negligence or misconduct in the performance of his or her duties; provided that, in the settlement of any legal proceeding, the indemnification herein shall apply only when the City Council as well as the court approves the settlement and reimbursement as being in the best interest of the Fund and the city. The foregoing right of indemnification shall be in addition to and not exclusive of all other rights to which the Director may be entitled.
(1994 Code, § 32.111) (Ord. 292, passed 4-10-1979)