The applicant and, if underwriters are involved in the issuance and sale of such tax exempt obligations, the underwriters shall hold harmless the village, its officers, employees, consultants and agents for any alleged or actual violation of any securities laws, state or federal, in connection with the issuance of bonds or loans for the project. The village may require a bond or appropriate insurance to assure compliance with this section.
(Prior Code, § 8-110)