No member of the Town Council or any officer or employee of the town shall have a financial interest in any contract or in the sale to the town or to a contractor supplying the town of any land or rights or interests in any land, material, supplies, or services; except when a majority of the Town Council determines such exception is in the best interest of the town, provided that no Council member whose interest is involved shall vote on the question. Any violation of this section shall constitute malfeasance in office and any officer or employee of the town found guilty thereof shall thereby forfeit his or her office or position. A violation of this section by a person or corporation contracting with the town shall render the contract voidable by the Town Administrator or Town Council.
(Ord. 2012-16, passed 11-15-2012; Am. Ord. 2017-06, passed 5-18-2017; Am. Ord. 2019-13, passed 1-16-2020)