12.1. Within sixty days of his appointment, the chairman of the executive committee shall table before the Council a written declaration stating the existence of the pecuniary interests he has in immovables situated in the territory of the Community and in legal persons, partnerships or undertakings.
The declaration shall mention any position or directorship held by the chairman as well as any loan, contracted by him with a person or institution other than a financial institution, the balance of which, in principal and interest, is in excess of $2 000.
The declaration shall not mention the value of the interests listed therein, nor the extent of the chairman’s interest in legal persons, partnerships or undertakings. The declaration shall not mention the existence of sums deposited with financial institutions, nor the possession of bonds issued by a government, a municipality or another public body.