Protection of action taken in good faith.

No suit shall be maintainable against any officer or servant of a Municipality or any member, or any person Acting under the direction of such officer, servant or member in respect of any thing a good faith done under the Regulation or any rule or bye-law made thereunder. Provided that every such person shall be liable for the loss, waste, or misapplication of any money or other property belonging to the Municipality if such loss, waste or misapplication is a direct consequence of the neglect or misconduct in the discharge of his duties under this Regulation: and a suit for compensation for the same may be instituted against him by the Municipality with sanction of the Deputy Commissioner or the Administrator.