[Amended 11-5-1996; 11-4-2008]
A.
All elected and appointed officials of the Town, as
the same as defined in State law, shall be subject to and comply with,
the code of ethics statutes of the State as set forth in Title 36,
Chapter 14, et al, and in the regulations, rules and opinions promulgated
by the Rhode Island Ethics Commission from time to time.
B.
Interest in work performed for town limited. No officer
or employee of the town government shall be financially interested
directly or indirectly in the profits of any contract, job, work or
service to be performed for the town or in the sale to the town of
any land, property, materials, supplies or equipment, other than as
the beneficiary of a patent or copyright, or as a minority stockholder
with ownership not exceeding five percent (5%) of such stock outstanding.
Any contract, agreement or obligation entered into contrary to the
provisions of this Article shall be void, and no person shall have
any claim or demand whatever against the town thereunder. Any town
officer or employee found guilty of a willful violation of this Article
shall forfeit his/her office or position.
