ARTICLE IX. GENERAL PROVISIONS
Sec. 9.03. Conflict of Interest.
If any elected or appointed officer, official, employee, or the spouse of any such person, has a substantial financial interest, direct or indirect, in any contract with the Town or in the purchase or sale of any land, material, supplies, or service to the Town or to a contractor supplying the Town, that person shall make known that interest and shall refrain from voting or otherwise participating in his or her capacity as an elected or appointed officer, official, or employee in making any such purchase or sale or in making such contract. Any such person who willfully conceals said financial interest or that of his or her spouse, or willfully violates the requirements of this section shall be guilty of malfeasance in office or position and shall forfeit the same. Any contract made in violation of this section shall be voidable by the Town. "An elected or appointed officer, official, employee or spouse of any such person may participate in a commercial transaction with the Town only where that commercial transaction is governed by a competitive bid process."
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