Code of Ordinances

The fol­low­ing deeds and trust doc­u­ments shall be exempt from the pro­vi­sions of this Arti­cle except as here­inafter provided:

(A) Deeds or trust doc­u­ments rep­re­sent­ing real estate trans­fers made before the adop­tion of this Ordi­nance but record­ed after that date.

(B) Deeds or trust doc­u­ments to prop­er­ty acquired by any gov­ern­men­tal body or from any gov­ern­men­tal body or deeds or trust doc­u­ments to prop­er­ty between asso­ci­a­tion, foun­da­tion or insti­tu­tion orga­nized and oper­at­ed exclu­sive­ly for char­i­ta­ble, reli­gious or edu­ca­tion­al purposes.

(C) Deeds or trust doc­u­ments which secure debt or oth­er obligation.

(D) Deeds or trust doc­u­ments which, with­out addi­tion­al con­sid­er­a­tion, con­firm, cor­rect, mod­i­fy, or sup­ple­ment a deed pre­vi­ous­ly recorded.

(E) Deeds or trust doc­u­ments where the actu­al con­sid­er­a­tion is less than One Hun­dred Dol­lars ($100.00).

(F) Deeds or trust doc­u­ments of release of prop­er­ty which is secu­ri­ty for a debt or oth­er obligation.

(G) Tax deeds or trust documents.

(H) Deeds or trust doc­u­ments of partition.

(I) Deeds or trust doc­u­ments made pur­suant to merg­ers, con­sol­i­da­tions or trans­fers or sales of sub­stan­tial­ly all of the assets or cor­po­ra­tions pur­suant to plans of reorganization.

(J) Deeds or trust doc­u­ments made by a sub­sidiary cor­po­ra­tion to its par­ent cor­po­ra­tion for no con­sid­er­a­tion oth­er than the can­cel­la­tion or sur­ren­der of the subsidiary’s stock.

(K) Deeds or trust doc­u­ments where­in there is an actu­al exchange of real estate except that mon­ey dif­fer­ence or money’s worth paid for one to the oth­er shall not be exempt from the tax.

(L) Deeds or trust doc­u­ments rep­re­sent­ing trans­fers sub­ject to the impo­si­tion of a documentary’s stamp tax imposed by the gov­ern­ment of the­Unit­ed States, except that such deeds shall not be exempt from fil­ing the declaration.