No member of any board, commission or committee created by Charter, ordinance or resolution shall have a financial interest, direct or indirect, in any matter pending before the board, commission or committee of which he or she has such an interest. ,
In the event that such a conflict arises, the affected member shall abstain from discussion and voting on the issue or the matter in which he or she has such an interest. The affected member shall not be required to resign from the board, commission or committee of which he or she is a member.
Any willful violation of this section shall constitute malfeasance in office, and any member of a board, commission or committee found guilty thereof shall thereby at the request of the Mayor or Council, forfeit his or her office or position.
(Amended 11-7-73; 11-6-84)