(A) It shall be unlawful for any elective or appointive officer or employee of the city to be interested personally, either directly or indirectly, or as a member, manager, officer, or stockholder of any partnership, business, firm, or corporation, in any contract furnishing material, services, or supplies to the city, or to any contractor or workmen for the city, or in any manner whatsoever, whereby the taxpayers of the city shall become the paymaster, either directly or indirectly.
(B) Division (A) above shall not be applicable to members of boards or commissions who receive no compensation from the city for their services as such members.
(Prior Code, § 2-16) Penalty, see § 30.99