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Indemnification of directors and officers by the PORTAL AGENCY shall be consistent <br /> with the terms of the Interlocal Agreement, the Act, the Interlocal Cooperation Act and other <br /> applicable law. In the event of any inconsistency between this Article and the Interlocal <br /> Agreement, the terms of the Interlocal Agreement shall control to the extent consistent with <br /> applicable law. <br /> Notwithstanding any other provision of this Article, no indemnification shall be provided <br /> to any person if in the reasonable opinion of competent counsel, payment of such <br /> indemnification would cause the PORTAL AGENCY to lose its exemption from federal income <br /> taxation. <br /> DATED as of this 1st day of March, 2014. <br /> INCORPORATORS: <br /> INCORPORATOR: City of Bellevue INCORPORATOR: The City of Seattle <br /> By: Interim City Manager Brad Miyake By: Mayor Edward B. Murray <br /> INCORPORATOR: City of Everett INCORPORATOR: City of Tacoma <br /> By: ayor y Stephanson By: City Manager T.C.Broadnax <br /> ,ATT4 .: <br /> 1/11 <br /> City Clerk <br /> Page 6 of 6 <br />