For the purpose of this Title 12 of the Bartlett Municipal Code, whenever any of the following words, terms or definitions are used herein, they shall have the meanings ascribed to them in this Section:
BENEFICIAL INTEREST: Any interest, regardless of how small or minimal such interest may be, in a land trust, held by a trustee for the beneficiaries of such land trust.
CHARITABLE ORGANIZATION: Any not-for-profit corporation, society, association, foundation or institution organized and operating exclusively for charitable, religious or educational purposes.
PERSON: Any natural person, partnership, joint stock company, business trust, joint venture, company, domestic or foreign corporation, foundation, club, association, syndicate, society, or any group of individuals, acting as a unit, whether mutual, cooperative, fraternal, nonprofit or otherwise, or an assignee, receiver, administrator, executor, conservator, guardian or other representative appointed by order of any court, any estate, trust, land trust, testamentary trust, inter vivos trust, trust in perpetuity, Municipal corporation, political subdivision of the State of Illinois or the United States or any instrumentality thereof. Whenever the term "person" is used in any clause prescribing and imposing a penalty, the term as applied to associations shall mean the owners or part owners, and as applied to corporations, the officers thereof.
RECORDATION: The recording of deeds or facsimile of an assignment of beneficial or other interests with the office of the Recorder of Deeds of Cook County, DuPage County or Kane County, Illinois, or the registration of deeds with the Registrar of Titles of Cook County, Illinois.
VALUE: The amount of full actual consideration for any transfer covered hereunder, including the amount of any mortgage, mortgages or other lien or liens to which the sale is subject or the amount of any mortgage, mortgages or other lien or liens assumed by the grantee or purchaser. (Ord. 94-24, 3-15-94)