No officer of the corporation shall have any interest, directly or indirectly, in any contract awarded or to be awarded or in the profit to be derived therefrom. The violation of this section shall constitute a misdemeanor and, upon conviction, shall work a forfeiture of office and shall be punishable by a fine not exceeding $500.00 or by imprisonment in the county jail not exceeding six months or both.
Structure Code of Alabama
Title 9 - Conservation and Natural Resources.
Chapter 10 - Water Conservation and Irrigation.
Article 2 - Water Conservation and Irrigation Corporations.
Section 9-10-31 - Certificate of Incorporation - Contents; Execution.
Section 9-10-32 - Certificate of Incorporation - Filing.
Section 9-10-33 - Board of Directors and Officers.
Section 9-10-34 - Powers and Duties Generally.
Section 9-10-37 - Refunding Bonds.
Section 9-10-38 - Security for Bonds.
Section 9-10-40 - Bonds, etc., Not Obligations of State or Counties.
Section 9-10-41 - Bonds, etc., Exempt From Taxation.
Section 9-10-43 - Contracts for Construction Work.
Section 9-10-44 - Projects to Be Maintained in Good Condition.
Section 9-10-45 - Officers of Corporations Not to Be Interested in Contracts, etc.; Penalty.