The real estate transfer tax herein levied and imposed shall be collected by the Village Manager or his or her designee through the sale of a revenue stamp(s), which shall be caused to be prepared by the Village Manager in such quantities, denominations and/or description as the Village Manager may from time to time prescribe. Such revenue stamp(s) shall be available for sale at and during the regular business hours of the village office or at other locations designated by the Village Manager. Upon payment of the real estate transfer tax herein levied and imposed, the revenue stamps so purchased shall be affixed to the deed or other instrument of conveyance. Any person so using and affixing a revenue stamp or stamps shall cancel it and so deface it as to render it unfit for use by marking it with his initials and the day, month and year when the affixing occurs. Such markings shall be made by writing or stamping in indelible ink or by perforating with a machine or punch. However, the revenue stamp(s) shall not be so defaced as to prevent ready determination of its denomination and genuineness.
(Ord. 04-0170, passed 4-20-05)