§ 2-29. Members not to be interested in contracts.
Latest version.
It shall be unlawful for the mayor or any member of the governing body to have or own any interest or share, either directly or indirectly, in any contract made or let by order of the governing body, or to receive any portion or share, either directly or indirectly, of the money or other thing paid for public work or other contracts, and any contract made in violation of this section shall not be binding on the city.
(Code 1962, § 2-22)
State law reference
Municipal authorities not to be interested in contracts, Miss. Code 1972, § 21-39-1.