Officers not to engage in certain transactions.
Section 26
SEC. 26. Officers not to engage in certain transactions.—It shall be unlawful for any municipal officer, directly or indirectly, individually or as a member of a firm, to engage in any business transaction with the city, through any of its authorized officers, boards, agents, or attorneys, whereby money is to be paid, directly or indirectly, out of the resources of the city, to such person or firm; or to purchase any real estate or other property belonging to the city, or which shall be sold for taxes or assessments, or by virtue of a legal process or Judgment at the suit of the city; or to be surety for any person having a contract or doing business with the city, for the performance of which security may be required; or to be surety on the official bond of any officer of the city.