No member of the Council or any officer or employee of the City shall have a direct financial interest in any contract or in the sale to or purchase from the City of any land or rights or interests in any land, material, supplies, equipment or services, unless such interest is fully disclosed in advance of any relevant council action or contract, and on the condition that said Council Member or Mayor so affected shall not deliberate or vote on such action or contract. Any willful violation of this section shall constitute malfeasance in office, and any officer or employee of the City found guilty thereof shall thereby forfeit that person’s office or position. Any violations of this section, with the knowledge expressed or implied of the person or entity contracting with the City, shall render the contract voidable by the Council provided, however, said prohibition shall not apply where competitive bidding is invoked. No member of the Council who would otherwise be precluded by the provisions hereof shall vote on said award.
(Am’d. of 10-16-61; Am’d. of 5-18-10)