22. Disclosure of interest by members of Board or Couneil

A member of the Board or Council who is directly or indirectly interested financially or otherwise in any project, undertaking or contract made or proposed to be made by the Board, shall disclose the nature of his interest at the earliest possible opportunity at a meeting of the

Board or Council, as the case may be, and such disclosure shall be recorded in the minutes of the Board or Council, as the case may be, and the member shall not thereafter take part in any deliberation or decision with regard to the project, undertaking or contract, unless the Board or Council directs otherwise.