Common use of PROHIBITION AGAINST PERSONAL INTEREST IN CONTRACTS Clause in Contracts

PROHIBITION AGAINST PERSONAL INTEREST IN CONTRACTS. No officer or employee of the City of Corinth 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 Corinth of any land, materials, supplies or service, except on behalf of the City as an officer or employee. Any willful violation of this section shall constitute malfeasance in office, and any officer or employee guilty thereof shall be subject to removal from his/her office or position. Any violation of this section with the knowledge expressed or implied, of the person or corporation contracting with the City, shall render the involved contract voidable.