No Councilmember, board member or employee shall be beneficially interested, directly or indirectly, in any contract, sale, lease, or purchase which may be made by, through or under the supervision of such officer, in whole or in part, or which may be made for the benefit of that Councilmember, board member or employee, and no Councilmember, board member or employee shall accept, directly or indirectly, any compensation, gratuity, or reward from any other person or entity beneficially interested therein, except as permitted by state law, RCW 42.23.030 and 42.23.040. [Ord. 27 § 6, 1996.]