03 Explanation Packet for Charter Study Com Report

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corporation, in any contract with the city, or be financially intcrested dircctly or indireetly iR the sale to the eity of aRY laRd, materials, supplies, or sen'iees exeept on behalf of the city as un offieer or employee; provided, howcycr, that the provisions of this seetioR shall only be applieable when the stoek oWRed by the offieer of employee exeeeds one pereent (1 ~Io) of the total capital stock of the corporation. No member of the council or any officer or employee of the city shall have a financial interest. direct or indirect. or by reason of ownership of stock or interest in any corporation or other entity. or in any contract with the city. or be financially interested directly or indirectly in the sale of any city land. materials. supplies. or services. except on behalf of the city as an officer or employee. in any manner that is inconsistent with or in conflict with the reauirements of state law. includin~ the apnlicable provisions of the Texas Local Government Code. the rules of the Texas Ethics Commission. and rulin{!s of the Texas Attorney General. Any willful violation of this section shall constitute malfeasance in office and any officer or employee guilty thereof shall thereby forfeit the office or position. Any violation of this section with the knowledge, express or implied, of the person or corporation contracting with the governing body of the city shall render the contract voidable by the city manager or council. EXPLANATION: This makes the prohibitions against council members, officers and employees having any financial interest in city property or contracts the same as those imposed by state law. PROPOSITION 65: Section 134. Relatives of officers shall not be appointed or employed. No person related within the second degree of affinity, or within the third degree of consanguinity, to members of the city councilor city manager shall be appointed to any office, position or service in the city for which compensation is paid, but this provision shall not affect officers or employees who are already employed by the city at the time for the time neriods established bv state law when any officer who may be related within the named degree takes office. 36 _.._,~- .....-.-T 'r---'~'~"