§ 5.04. Personal financial interest.

Any member of the Cartersville School Board who has a financial interest, direct or indirect, or by reason of ownership of stock in any corporation, except a minority interest in a corporation the stock of which is listed on a major stock exchange, in any contract with the board or city or in the sale of any land, material, supplies, or services to the board or city, or through a contractor supplying the board or city shall make known that interest by announcement at a board meeting and in writing to the superintendent of schools and shall refrain from voting upon or otherwise participating in his capacity as a member of the Cartersville School Board in the making of such sale or in the making or performance of such contract. Any member of the Cartersville School Board who wilfully conceals such financial interest or wilfully violates the requirement of this section shall upon conviction be guilty of malfeasance in office or position and shall forfeit his office or position. Violation of this section with the knowledge express or implied of the person or corporation contracted with or making a sale to the city shall render the contract or sale voidable by the board.