(A) For the purpose of this section, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
APPOINTED OFFICIALS. Includes, but is not limited to, all members of any board, committee, commission or other body appointed by the city.
MUNICIPAL OFFICER. Any elected or appointed official of the city.
(B) No municipal officer shall vote on any proposition or issue before the body on which he or she sits if said officer will be directly or indirectly benefitted financially by the passage or failure of the proposition or issue.
(C) When a proposition or issue arises where a municipal officer will be directly or indirectly benefitted financially, it shall be the duty of said municipal officer to inform the body on which he sits of the possible financial benefit. If the proposition or issue is to be forwarded to the City Council for the final approval, then it shall further be the duty of said municipal officer to report to the City Council of his or her possible financial benefits from their action.
(1960 Code, § 3.34) (Ord. 3276, passed 12-30-1974)