For the purpose of this subchapter the following definitions shall apply unless the context clearly indicates or requires a different meaning.
FINANCIAL INTEREST. Any interest which shall yield, directly or indirectly, a monetary or other material benefit (other than the duly authorized salary or compensation for his services to the village) to the official or employee or to any person employing or retaining the services of the official or employee, as provided by state statutes.
OFFICIAL or EMPLOYEE. Any person elected or appointed to, or employed or retained by any public office or public body of the village, whether paid or unpaid and whether part-time or full-time.
PERSONAL INTEREST. Any interest arising from blood or marriage relationships, or from close business or political associations, whether or not any financial interest is involved.
PUBLIC BODY. Any agency, board, body, commission or committee, department, or office of the village.
('79 Code, § 412(2))