Section 16. The adjutant general and officers of the state staff shall not be interested, directly or indirectly, in the purchase or sale of any articles intended for, or appertaining to, their respective departments, except for and on account of the commonwealth; nor shall they or any of them take or apply to his or their own use, for negotiating or transacting business in their respective departments, any gift, gain or advantage other than that allowed by law. The holding of less then five per cent of the stock of a corporation which is the vendor or purchaser of any article as above described when the officer concerned neither holds office in such corporation nor receives from it any emoluments other than dividends as a shareholder, shall not be deemed to be included in the prohibition of this section.
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