To the extent provided by the general laws of the State of Ohio, no member of Council, elected or appointed official, board or commission member or employee, shall have any financial interest, direct or indirect, in any contract, work or service with or for the Municipality, provided, however, that ownership of less than five percent of any class of the stock of a corporation shall not be deemed to be a financial interest in transactions with that corporation, within the meaning of this section. Any person violating the provisions hereof shall forfeit his or her office and any such contract shall be voidable, at the option of Council.