412.311 CONTRACTS.
Except as provided in sections
471.87 to
471.89, no member of a council shall be directly
or indirectly interested in any contract made by the council. Whenever the amount of a contract
for the purchase of merchandise, materials or equipment or for any kind of construction work
undertaken by the city is estimated to exceed the amount specified by section
471.345, subdivision
3
, the contract shall be let to the lowest responsible bidder, after notice has been published once in
the official newspaper at least ten days in advance of the last day for the submission of bids. If
the amount of the contract exceeds $1,000, it shall be entered into only after compliance with
section
471.345.
History: 1949 c 119 s 38; 1951 c 378 s 11; 1951 c 379 s 5; 1953 c 735 s 5; 1957 c 429 s 1;
1965 c 175 s 1; 1973 c 123 art 2 s 1 subd 2; 1976 c 44 s 27; 1992 c 380 s 2