Alabama Code (Last Updated: November 28, 2014) |
Title11 COUNTIES AND MUNICIPAL CORPORATIONS. |
Title2 PROVISIONS APPLICABLE TO MUNICIPAL CORPORATIONS ONLY. |
Chapter44E. ADOPTION OF MAYOR/COMMISSION/CITY MANAGER FORM OF GOVERNMENT IN CLASS 5 MUNICIPALITIES. |
Article9. Code of Conduct and Penalties for Violations of This Chapter. |
§11-44E-163. Financial interest in public service utility.
Latest version.
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No mayor or commissioner or any other official of the city, nor any employee thereof, shall be financially interested in any corporation operating any public service utility within the city; provided, however, this shall not apply to any employment or interest existing at the time of the selection or election of such mayor or commissioner or other official.