§ 2-156. Prohibited contracts.

The city shall not enter into any contract involving services or property with a member of the governing authority or with a business in which a member of the governing authority has an interest. This section shall not apply in the case of:

(1)

The designation of a bank or trust company as a depository for city funds;

(2)

The borrowing of funds from any bank or lending institution which offers the lowest available rate of interest for such loan;

(3)

Contracts entered into in accordance with the O.C.G.A section 16-10-6;

(4)

Contracts for services which are awarded pursuant to sealed competitive bid process in accordance with the purchasing ordinance of the city;

(5)

Contracts entered into under circumstances which constitute an emergency situation, provided that a written record explaining the emergency is prepared by the mayor and submitted to the board of ethics at its next regular meeting and thereafter kept on file.

(Ord. No. 97-9, § 6, 5-6-97)