In the event a deed is filed for recordation or there is an assignment of beneficial in conveying real estate within the corporate limits of the village without the revenue stamps provided by this section, a lien is declared against said real estate conveyed in the amount of the tax. The fact that the deed or assignment does not contain a Bellwood revenue stamp in an amount equal to three times the amount of county and state transfer taxes shall constitute constructive notice of lien. The lien may be enforced by proceedings to foreclose, as in cases of mortgages or mechanics liens. Suit to foreclose this lien must be commenced within three years after the date of recording the deed. Nothing herein shall be construed as preventing the village from bringing a civil action to collect the tax imposed by this section from any person who has the ultimate liability for payment of the same, including interest and penalties as herein provided.
(Ord. 96-6, passed 3-13-96)