40:68A-36 - Interest of members, officers or employees in property or contracts - New Jersey Statutes

40:68A-36.  Interest of members, officers or employees in property or contracts    No member, officer or employee of a municipal port authority shall have or acquire any interest, direct or indirect, in the port system or in any property  included or planned to be included in the port system or in any contract or  proposed contract for materials or services to be furnished to or used by the  municipal port authority.  Neither the holding of any office or employment in  the government of any county or municipality or of the State nor the owning of  any other property within the State shall be deemed a disqualification for  membership in or employment by a municipal port authority, and members of the  governing body of the municipality may be appointed by such governing body and  may serve as members of a municipal port authority.

     L.1960, c. 192, p. 813, s. 8, eff. Feb. 15, 1961.