Section 8

If any member of the Board has any beneficial interest in any land or building situate in an area comprised in any development or redevelopment plan or in any other project of the Corporation, or has any beneficial interest in any company or undertaking with which the

Corporation proposes to enter into any contract, or has interest in any such contract, he shall disclose to the Board the precise nature and extent thereof, and this disclosure shall be recorded by the Secretary in the minutes of the Board, and such member shall take no part in any deliberation or decision of the Board relating to such plan, project or contract.