(65 ILCS 5/11-74-14)
(from Ch. 24, par. 11-74-14)
Disclosure of interest.
Any member of the corporate authority
of a municipality shall disclose any pecuniary interest in any employment,
financing, agreement or other contract made under the provisions of this
Division 74 before any action by the corporate authority on it, and shall
not vote on any such matter. Notwithstanding the provisions of any other
law, any financing agreement or other contract made or procured in conformity
with the provisions of this Section shall not be void by reason of the pecuniary
interest of any member of the corporate authority of the municipality therein;
nor shall such person be subject to any penalty by reason of the making
or procuring thereof.
(Source: P.A. 81-1376.)