§ 6.07. Conflict of interest in City contracts.
No officer or employee of the City shall have a financial interest, direct or indirect, in any contract with the City, or shall be financially interested, directly or indirectly, in the sale to the City of any land, materials, supplies or services except as provided by State law. Any violation of this Section shall constitute malfeasance in office, and any officer or employee guilty thereof shall be subject to removal from his office or position. Any violation of this Section, with the knowledge, expressed or implied, of the person or corporation contracting with the Council may invalidate the contract involved.
(Rev. of 5-6-1995)
State law reference
Regulation of conflicts of interest of officers of municipalities, V.T.C.A., Local Government Code ch. 171.