No officer, department or agency of the municipality shall expend or contract to expend any money or incur any liability, or enter into any contract which by its terms involves the expenditure of money on behalf of the municipality, for any purpose, which will exceed the amount appropriated for such expenditures and obligations except as authorized by Council. Any officer or employee who knowingly creates or attempts to create such an obligation shall be guilty of malfeasance in office and upon conviction thereof shall be removed from office. However, nothing in this section shall prevent the making of contracts not to be fully performed within a single fiscal year, when specifically authorized by the Council.
(Amended 11-3-81)