§ 14.08. Conflict of Interest

No officer, whether elected or appointed, or any employee, whether full or part-time, of the City shall have a substantial financial interest, direct or indirect, in any contract, other than employment contracts, with the City; or have a substantial financial interest, direct or indirect, in the sale to the City of any land, materials, supplies or services, except on behalf of the City as an officer or employee, except as allowed by state law. Any willful violation of this Section shall constitute malfeasance in office, and any officer or employee found guilty thereof shall thereby forfeit his/her office or position. Any violation of this Section with the knowledge, express or implied, of the person or the corporation contracting with the governing body of the City shall render the contract involved voidable by the City Manager, unless reinstated by the City Manager or the affirmative vote of a majority of the full membership of the City Council.