If any elected or appointed Town officer, official or employee
may obtain financial gain, directly or indirectly, from any contract,
any transaction or any decision of any board, commission or similar
body of the Town to which the Town is a party, he must make a disclosure
in accordance with Section 1102.
If any elected or appointed Town officer, official or employee
anticipates that a conflict of interest as defined under Section 1101
might exist or could develop from any action he may take in the exercise
of his duties or from any influence which might derive from his position,
he shall disclose the nature and circumstances which would lead to
the conflict to the board, commission or similar body of which he
is a member or to which he is responsible. The board, commission or
similar body involved shall record such disclosure and make it public
record with the Town Clerk's office and shall meet to decide
whether or not the individual who has made the disclosure will be
disqualified from further action on the subject matter of the disclosure.
The individual involved will not participate in the decision of his
being disqualified, and if he is the chairman of the involved board,
commission or similar body, an acting chairman will be chosen by the
remaining members for the purpose of reaching a decision on the disqualification
of the individual.
Violation of the provisions of Section 1101 or Section 1102
shall be grounds for the removal of the officer, official or employee.
Violation of this section with the knowledge, express or implied,
of any person or corporation participating in such contract, transaction
or decision shall render the same voidable by a court of competent
jurisdiction.
