A Township Committee member who is a lawyer or other such professional
shall be deemed to have an interest requiring open disclosure and
will refrain from voting if the member or the member's partners or
the member's firm represents any person or entity which deals with
the Township even though neither the member nor the member's partners
or the member's firm, in compliance with the preceding section, represent
that client in its dealings with the Township.
No Township Committee member or other Township employee or any
consultant of the Township may profit or seek to profit by the use
of any information which the person acquires by reason of the person's
connection with the Township which is not available to the general
public. This requirement shall be attached to all contracts with consultants
and delivered to all Township employees. An acceptance of employment,
status as a consultant or a seat as a Township Committee member shall
be deemed a waiver of any objection to the introduction of this provision
in evidence in any civil suit by the Township to recover such profits.
No member of the Township Committee or other Township employee
shall have or acquire any interest, direct or indirect, in any contract,
subcontract or proposed contract or subcontract for construction,
materials, or services or any lease, mortgage, agreement or sale or
other contract of any nature relating thereto without forthwith making
written disclosure to the Township, in form available to the public,
of the nature and extent of the person's interest. Such disclosure
shall be entered in writing in the minute book of the Township, provided
that the word "interest" as used in this section shall not be deemed
to include membership by a member of the Township Committee in any
other public authority, nor shall it be deemed an interest to hold
securities in companies listed on a major exchange or obligations
of any public authority. Any Township official or employee having
such an interest shall either immediately eliminate such interest
or such conflict in a manner satisfactory to the Township or, in the
discretion of the Township Committee deliberating in an open, recorded
meeting, be removed as a Township official or employee of the Township
subject to the provisions of civil service regulations, if applicable.
Any Township official having such an interest shall in no event participate
in any way in the negotiations of, consideration of, or voting upon
any matter relating directly or indirectly thereto, nor communicate
directly or indirectly in respect to the matter with any other person
connected with the Township, and further, may, in the discretion of
a majority of the Township Committee, other than Township Committee
members having such interest, deliberating in open, recorded meeting,
be required to immediately eliminate such interest or be recommended
for removal from office by the process provided for removal or termination
by the appropriate state statute, rule or regulation, or municipal
ordinance.