Sec. 13-6. - Officers or employees not to be financially interested in city contracts, etc.

No officer or employee of the City government shall be financially interested directly or indirectly in the profits of any contract, job, work or service to be performed for the City or in the sale to the City of any land, property, materials, supplies or equipment, other than as the beneficiary of a patent or copyright or as a minority stockholder with ownership of not exceeding five (5) per centum of such stock outstanding.