ot be construed to invalidate or in any way .lifIcet any contract or tputaatriou that woutdbiithegise'be- valid • under law. • Awnepixi (a) The Corpothtion shall indemnify any -peasonwho was or is a party or is throtened m be mak a party to any thteitelledn pending, or completed action, suit, or procee