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ORDINANCE NO.~~~ .
ORDINANCE. OF THE CITY OF SAN BERNARDINO AMENDING ORDINANCE
NO. 2867 ENTITLED IN PART "AN ORDINANCE . . . IMPOSING A DOCUMEN-
TARY STAMP TAX. . . "; AND MAKING SUCH TAX INAPPLICABLE TO ANY
DEED TO A BENEFICIARY OR MORTGAGEE WHICH IS TAKEN IN LIEU OF A
FORECLOSURE.
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THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO
DO ORDAIN AS FOLLOWS:
SECTION 1. Ordinance No. 2867 is hereby amended by adding
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7 thereto Section Eight and One Half to read as follows:
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"SECTION EIGHT AND ONE HALF: Any tax imposed pursuant to
this part shall not apply with respect to any deed, instrument,
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or writing to a beneficiary or mortgagee, which is taken in lieu
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of a foreclosure."
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I HEREBY CERTIFY that the foregoing ordinance was duly
adopted by the Mayor and Common Council of the City of San Ber-
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nardino at 9- /L.b#~ ~,,<__/
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/'V4',4yfj./ , 1973py thefollow:~?g ~ote, to }'lit:
A~: Councilmen//'.? . )/?",(/ '-, /t;
o;d-" k.."/;f...></l"~
meeting thereof, held on the
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day of
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NAYS:
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ABSENT:
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The,foregoing
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ordinance is hereby approved !Jli,s :;/H'day
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...M:y6r p~ffh;'/ci ty of San Bernardino
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of
, 1973.
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Approved as to form:
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