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MARVIN MANDEL, Governor 535
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THE TREASURER SHALL BE THE CUSTODIAN OF THE FUNDS OF
THE AUTHORITY, SHALL KEEP AN ACCOUNT OF ALL RECEIPTS AND
DISBURSEMENTS AND SHALL MAKE PAYMENTS ONLY UPON WARRANTS
DULY AND REGULARLY SIGNED BY THE CHAIRMAN OR
VICE-CHAIRMAN OF THE BOARD, OR OTHER PERSON AUTHORIZED BY
THE BOARD TO DO SO, AND BY THE SECRETARY OR GENERAL
MANAGER; PROVIDED, HOWEVER, THAT THE BOARD KAY PROVIDE
THAT WARRANTS NOT EXCEEDING SUCH AMOUNTS OR FOR SUCH
PURPOSES AS MAY FROM TIME TO TIME BE SPECIFIED BY THE
BOARD MAY BE SIGNED BY THE GENERAL MANAGER OR BY PERSONS
DESIGNATED BY HIM.
(D) OATH.
AN OATH OF OFFICE IN THE FORM SET OUT IN §5(B) OF
THIS ARTICLE SHALL BE TAKEN, SUBSCRIBED AND FILED WITH
THE BOARD BY ALL APPOINTED OFFICERS.
(E) BOND.
EACH DIRECTOR, OFFICER AND EMPLOYEE SPECIFIED BY THE
BOARD SHALL GIVE SUCH BOND IN SUCH FORM AND AMOUNT AS THE
BOARD MAY REQUIRE, THE PREMIUM FOR WHICH SHALL BE PAID BY
THE AUTHORITY.
10. CONFLICT OF INTERESTS.
(A) PROHIBITED ACTS.
NO DIRECTOR, OFFICER OR EMPLOYEE SHALL:
(1) BE FINANCIALLY INTERESTED, EITHER
DIRECTLY OR INDIRECTLY, IN ANY CONTRACT, SALE, PURCHASE,
LEASE OR TRANSFER OF REAL OR PERSONAL PROPERTY TO WHICH
THE BOARD OR THE AUTHORITY IS A PARTY;
(2) IN CONNECTION WITH SERVICES PERFORMED
WITHIN THE SCOPE OF HIS OFFICIAL DUTIES, SOLICIT OR
ACCEPT MONEY OR ANY OTHER THING OF VALUE IN ADDITION TO
THE COMPENSATION OR EXPENSES PAID TO HIM BY THE
AUTHORITY;
(3) OFFER MONEY OR ANYTHING OF VALUE FOR OR
IN CONSIDERATION OF OBTAINING AN APPOINTMENT, PROMOTION
OR PRIVILEGE IN HIS EMPLOYMENT WITH THE AUTHORITY.
(B) FORFEITURE OF OFFICE OR EMPLOYMENT.
ANY DIRECTOR, OFFICER OR EMPLOYEE WHO SHALL
WILLFULLY VIOLATE ANY PROVISION OF THIS SECTION SHALL, IN
THE DISCRETION OF THE BOARD, FORFEIT HIS OFFICE OR
EMPLOYMENT.
(C) VOID CONTRACT OR AGREEMENT.
ANY CONTRACT OR AGREEMENT MADE IN CONTRAVENTION OF
THIS SECTION MAY BE DECLARED VOID BY THE BOARD.
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