§ 16-4. Speculation in city warrants, etc.

Latest version.

No officer or agent of the city shall purchase or sell any scrip, warrants or bonds of the city, or any city free school scrip or warrants, on speculation, nor loan out or use on his own account, on any pretext, any money of the city, or of the free public schools thereof, or on any pretext, pledge or loan any of the property, notes, bonds or other securities of said city or schools, except in the manner provided by law, and by the order of the governing body; and all acts of any officer or agent contrary to this section shall be void and be sufficient cause for his removal from office.

(Code 1962, § 2-38)

State law reference

Municipal officers, employees prohibited from being interested in contracts with the city, Miss. Code 1972, § 21-31-9; wrongfully issuing, etc., warrants, § 21-39-17.

Charter reference

Accounting for moneys received, § 71.

                    
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