No officer or employee of the City shall have a financial interest in a contract with the City, if the financial interest in that contract is unlawful under general laws applicable to officers and employees of the City. Any willful violation of this section shall constitute malfeasance in office, and any officer or employee found guilty thereof shall thereby forfeit his office or position. Any violation of this section with the knowledge, expressed or implied, of the person or corporation contracting with the City shall render the contract involved voidable by the Mayor or the Council.
(Effective November 3, 1987)