157.18 CONFLICT OF INTEREST.
(a) No elected official or any officer, employee or appointee to any board or commission of the City or employee of same shall directly or indirectly be financially interested in any contract, job, work or service with or for the City, nor in any contract, job, work or service for which approval thereof will be required by elected officials or any officer, employee or appointee, or employee of same, to any board or commission, nor in the profit or emoluments thereof, nor in the expenditure of any money on the part of the City other than in their fixed compensation and expenses. Any contract with the City in which any officer or employee is or becomes financially interested may be declared void by the Mayor or Council. Such interest shall disqualify any such officer or employee from holding office in addition to the other penalties provided by law.
(b) No elected official, officer or employee, or employee of same shall appear before Council or any board or commission of the City, except on behalf of constituents without compensation therefor, on behalf of himself for any matter relating to his own personal residential property, or in the performance of any public obligations or official duties, or shall act directly or indirectly as agent or employee for any person, firm or corporation in any matter or controversy in which the City is or may become a party, except on behalf of the City and such officer or employee.
(c) No person within a period of one year after the termination of his services as an officer or employee of the City, or employee of same, shall appear before any board or commission of the City as counsel, attorney or agent for or on behalf of any person, firm or corporation or receive compensation for any services rendered thereto in relation to any matter which was under his charge during the period of his services as such officer or employee. No person after the termination of his services as an officer or employee of the City shall accept compensation for or employment in any matter in which he has investigated or be involved in any litigation in which the City is a party involving any such matter, except in behalf of the City.
(d) Any elected official or employee, or employee of same, of the City now involved in any contracts at the present time must terminate his interest in these contracts within a period of thirty days.
(e) The provisions of this section shall not apply to a member of the legislative authority or of a board or an officer or commissioner of the Municipal Corporation, being a share holder of a private corporation but not being an officer or director thereof, where such person owns not more than five percent of the stock of such private corporation and the value of such stock does not exceed five hundred dollars ($500.00). A stock holder who desires to avail himself of the exception provided in this section shall, before the entering upon such contract, first file an affidavit with the Clerk of the Municipal Corporation stating his exact status in connection with such private corporation.
(f) Whoever violates any of the provisions of this section shall, in addition to any other penalties provided by law, be fined an amount not to exceed five hundred dollars ($500.00) or imprisonment for a period of not more than six months, or both.
(Ord. 2004-180. Passed 12-7-04.)