§ 34.143 COMMISSIONERS; PECUNIARY INTEREST IN PROPERTY AND TRANSACTIONS.

(A) A Member of the Commission shall not have a pecuniary interest in any contract, employment, purchase, or sale made under the provisions of IC 36-7-14, et. seq. However, any property required for redevelopment purposes in which a Commission member has a pecuniary interest may be acquired, but only by gift or condemnation.

(B) All transactions made in violation of this section are void.

(Ord. 738, passed 12-15-98)

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