(A) Village policy. It is the policy of the village that it shall not enter into any contract for goods or services with any village employee.
(B) Prohibited interests.
(1) No village employee shall be interested, directly or indirectly, in his or her own name or in the name of any other person, association, trust or corporation, in any contract, work or business of the village, or in the sale of any article, whenever the expense, price or consideration of the contract, work, business or sale is paid either from the village treasury or by any assessment levied by statute or village ordinance.
(2) No employee shall be interested, directly or indirectly, in the purchase of any property which:
(a) Belongs to the village; or
(b) Is sold for taxes or assessments; or
(c) Is sold by virtue of legal process at the suit of the village.
(C) For purposes of this section only, a village employee shall not be interested if the employee owns or holds an interest of 1% or less in a company whose stock is traded on a nationally recognized securities market.
(Ord. 2018-04-17, passed 4-16-2018)