1. Residency Requirement.
Each elected officer, and each person appointed to fill a vacancy in an elected office, shall have been an elector of the City and resided continuously therein not less than one (1) year immediately preceding the officer's election or appointment and shall continue to reside therein during the term of office.
2. Other Public Office.
Elected officers and persons appointed to fill an elected office shall hold no other elected public office during their terms nor any public employment incompatible to the office held, except for election to an office of a political party or as a member, officer or trustee of a governmental board or commission, council of governments, or publicly supported non-profit institution and that of Notary Public or member of the state militia or Reserve Corps of the United States. Council shall, by a two-thirds vote, determine whether any other public employment is incompatible with an elected office in the City, and its decision shall be final.
3. Financial Interest.
No officer of the City, elected or otherwise, shall knowingly and willfully, either directly or indirectly solicit or have a financial interest in any City contract or the expenditure of money by the City, except for such compensation, interest and benefits as are approved by Council, nor shall any officer of the City take possession of property owned by the City except for the prompt delivery of such property to the City. Any violation shall disqualify such person from holding office or employment with the City for such time as Council shall determine, in addition to other disciplinary actions or penalties provided by law. Council may adopt additional laws to provide for the ethical conduct of elected and appointed officers and employees of the City and to protect the financial integrity of the City.