Ohio Revised Code|Section 3313.33 | Conveyances and contracts.

                                                
(A) Conveyances made by a board of education shall be executed by the president and treasurer thereof. 
(B) Except as provided in division (C) of this section, no  member of the board shall have, directly or indirectly, any pecuniary interest in any contract of the board or be employed in any manner for compensation by the board of which the person is a  member. No contract shall be binding upon any board unless it is  made or authorized at a regular or special meeting of such board.
(C) A member of the board may have a pecuniary interest in a  contract of the board if all of the following apply:
(1) The member's pecuniary interest in that contract is that  the member is employed by a political subdivision,  instrumentality, or agency of the state that is contracting with  the board;
(2) The member does not participate in any discussion or  debate regarding the contract or vote on the contract;
(3) The member files with the school district treasurer an  affidavit stating the member's exact employment status with the  political subdivision, instrumentality, or agency contracting with  the board.
(D) This section does not apply where a member of the board, being a shareholder of a corporation but not being an officer or director thereof, owns not in excess of five per cent of the stock  of such corporation. If a stockholder desires to avail  self of the  exception, before entering upon such contract such person shall  first file with the treasurer an affidavit stating  the  stockholder's exact status and connection with said corporation.
This section does not apply where a member of the board elects to be covered by a health care plan  under section  3313.202 of the Revised Code.