SECTIONS 25721-25722 - California Statutes

PUBLIC UTILITIES CODE

SECTION 25721-25722

25721. A district may make contracts and enter into stipulations of
any nature whatsoever, either in connection with eminent domain
proceedings or otherwise, including, without limiting the generality
of the foregoing, contracts and stipulations to indemnify and save
harmless, to employ labor, and to do all acts necessary and
convenient for the full exercise of the powers granted in this
division.

25722. Neither the general manager nor any director of the district
shall in any manner be interested, directly or indirectly, in any
contract awarded or to be awarded by the board, or in the profits to
be derived therefrom. Any violation of this provision is a
misdemeanor, and conviction shall work a forfeiture of office. This
section has no application to contracts awarded to corporations in
which such officer owns less than 1 percent of the entire capital
stock.