CHAPTER 23. TAXATION.*
Article IV. Real Property Transfer Tax.
Sec. 23.67. Same--Orders of Securities and Exchange Commission.
Any tax imposed pursuant to this article shall not apply to the making or
delivery of conveyances to make effective any order of the Securities and
Exchange Commission, as defined in subdivision (a) of Section 1083 of the
Internal Revenue Code of 1954; but only if:
a. The order of the Securities
and Exchange Commission in obedience to which such conveyance is made recites
that such conveyance is necessary or appropriate to effectuate the provisions of
Section 79k of Title 15 of the United States Code, relating to the Public
Utility Holding Company Act of 1935;
b. Such order specifies the property
which is ordered to be conveyed;
c. Such conveyance is made in obedience to
such order. (Ord. No. 732, § 7.)