For the purpose of this chapter, the terms used herein are defined
as follows:
INTEREST
A direct or indirect financial or material benefit accruing
to a Town officer or employee as the result of a business or professional
transaction with the Town of Ogden which such officer or employee
serves.
TOWN
Any board, commission, district, council or other agency,
department or unit of the government of the Town of Ogden.
TOWN OFFICER OR EMPLOYEE
Any officer or employee of the Town of Ogden, whether paid
or unpaid, whether serving in a full-time, part-time or advisory capacity,
including members of any administrative board, commission or other
agency thereof. No person shall be a "Town officer or employee" solely
by reason of being a volunteer fireman or civil defense volunteer,
except a Fire Chief or Assistant Fire Chief.
[Amended 12-13-1995 by L.L. No. 9-1995]
No Town employee shall have any interest, financial or otherwise,
direct or indirect, nor engage in any business or transaction or professional
activity, nor incur any obligation of any nature which is in conflict
with the proper discharge of the employee's duties in the public
interest.
The following shall be exceptions to the conflict of interest provisions of §
22-4:
A. A contract with a corporation in which a Town officer or employee
has an interest by reason of stock holdings when the stock of the
corporation is listed on either the New York or American Stock Exchange;
or if not listed, then less than 5% of the outstanding stock of the
corporation is owned or controlled, directly or indirectly, by such
officer or employee.
In addition to any penalty contained in any other provisions
of law, any such Town employee who shall knowingly and intentionally
violate any of the provisions of this chapter may be fined, suspended
or removed from office or employment in the manner provided by law.