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Collection: Newspapers > Nevada County Nugget

December 20, 1967 (20 pages)

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ZO The Nevada County Nugget . Paramber 20, 1967 LEGAL NOTICE LEGAL NOTICE: ORDINANCE NO. 334. AN ORDINGANCE OF THE CITY OF NEVADA CITY IMPOSING A DOCUMENTARY STAMP TAX ON THE SALE OF REAL PROPERTY The City Council of the City of Nevada City does ordairi as follows: SECTION 1, This ordinance shall be known as the "Real Property Transfer Tax Ordinance of the City of Nevada City". It is adopted pursuant to the authority contained in Part 6.7 (commencing with Section 11901) of Division 2 of the Revenue and Taxation Code of the State of California, SECTION 2. There is hereby imposed on each deed, instrument or wri by which any lands, tenements, or other realty sold wi the City of Nevada City shall be granted, assigned, transferred or otherwise conveyed to, or vested in, the purchaser or purchasers, or any other person or persons, by his or their direction, when the consideration or value of the interest or property conveyed (exclusive of the value of any lien or encoumbrances remaining thereon at the time of sale) exceeds one hundred dollars ($100), a tax at the rate of twenty-seven and onehalf cents ($0,275) for each five hundred dollars ($500) or fractional part thereof. SECTION 3, Any tax imposed pursuant to Section 2 hereof shall be paid by any person who makes, signs or issues any document or instrument subject to the tax, or for whose. use or benefit the same is made, signed or issu ed, SECTION 4, Any tax imposed pursuant to this ordinance shall not apply to any instrument in writing given to secure a debt, SECTION 5. The United States or any agency or instrumentality therof, any state or territory, or poletical subdivision therof, or the District of Columbia shall not be liable for any tax imposed pursuant to this ordinance with respect to any deed, instrument, or writing to which it is a party, but the tax may be collected by assessment from any other party liable therefor. SECTION 6, Any tax imposed pursuant to this ordinance shall not apply to the making, delivering, or filing of conveyances to make effective any plan of reorganization or adjustment-(a) Confirmed under the Federal Bankuptcy Act, as J (b) Approved in an equity receivership proceeding in a court involving a railroad corporation, as defined in subdivision (m) of Section 205 of Title 11 of the United States ane err in uity seahs ship eeding in c) Approved an eq r er a court invol a corpora as defined fh subdivision (3) of Section 506 of Title 11 of the United States Code, as amended; or 2 (d) Whereby a mere change in identity, form or place of organization is effected, Subdivisions (a) to (d), inclusive, of this section shall only apply if the making, dilivery or filing of instruments of transfer or conveyances occurs within five years from the date of such confirmation, approval or change, SECTION 17. Any tax imposed pursuant to this ordinance 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; ) Such order specifies the property which is ordered to be conveyed; © Such conveyance is made in obedience to such order, CTION 8, (a) In the case of any realty held by a partnership, no levy shall be imposed pursuant to this ordinance by reason of any transfer of an interest in a partnership or otherwise, if-Hag partnership (or another partnership) is considered a continuing partnership within the meaning of Section 708 of the Internal Revenue Code of 1954; and (2 Such continuing partnership continues to hold the realty concerned, (b) If there is a termination of any partnership within the m of Section 708 of the Internal Revenue Code of 1954, for purposes of this ordinance, such partnership shall be treated as having executed an instrument whereby there was conveyed, for fair market value (exclusive of the value of any lien or encoumbrance remaining thereon) all reqlty held by such partnership at the time of such termination, (c) Not more than one tax shall be imposed pursuant to this ordinance by rason of a termination described in subdivision (b), and any transfer pursuant thereto, with respect to the realty held by such partnership at the time of such termination, SECTION 9, The County Recorder shall administer this ordinance in conformity e provisions of Part 6,7 of Division 2 of the Revenue and Taxation Code and the provisions of any county ardinance adopted pursuant thereto, SECTION 10. Claims for refund of taxes imposed pursuant to this ordinance shall be governed by the provisions of Chapter 5 (commencing with Section 5096) of Part 9 of Division 1 of the Revenue and Taxation Code of the State of California, ‘ SECTION 11, This ordinance shall become operative upon the operative date of any ordinance adopted by the County of Nevada, pursuant to Part 6.7 (commencing with Section 11901) of Division 2 of the Revenue and Taxation Code of the State of California, or upon the effective date of this ordinance, whichever is the later. SECTION 12. Upon its. adoption the City Clerk shall file two copies of this ordinance with the County Recorder of Nevada county, SECTION 13 This ordinance, inasmuch as it: provides for a tax levy for the usual and current expenses of the city, shall take effect immediately. SECTION 14, The City Clerk shall cause this ordinance to be published once, within fifteen days >fter’ its final pasam ole Pm ee ee Garden Club Holds Session Mrs, Betty Preston washostess for the December meeting and party of the Nevada City Garden Club on Thursday, Dec. 14 at her beautifully decorated home on Alta Vista Street, Grass Valley, Twenty-four members and two guests were present, Evelyn Noren was welcomed as a new member of the group. Mary M. Moser presented her sister, Lily Pochey, who is visitingher from Nebr., and Betty Preston introduced her daughter Alice Murray who has recently returned to Grass Valley to live, Co-hostesses Gertrude Lantz, Hulda Kopp and Helen Shea served a delightful luncheon. Mrs, Esther Perry, a charter
member, was again Santa and distributed gifts for all. Mary Moser led the group in singing Xmas Carols and the afternoon was enjoyed by everyone, TA ani carve MP ORANGE STAMPS GLAD-WYN’S GIFT SHOP 4 Corner Of Mill & Neal St. : Grass Valley a January horse show slated The first horse show of the new year will be held at the K and T Ranch on Indian Springs Road, Grass Valley, Sunday, Jan. 1, English, western, jumper and hunter classes, equitation and junior exhibitor classes are on the program as well as classes for the green horse and new rider, : Ray MacMullin of Moorpark, Calif., who is a registered judge with the American Horse Shows Association, will judge the show. Stable sheets will be awarded to first place winners with ribbons through fifth place. Entry blanks may be obtained by dropping a card.to K andT Ranch, Star Route, Box 248, hong Valley, or phoning 273673, Simplicity .. The New BERGEMANN & SON Funeral Chapel ready to serve you day or night call 265-2421 Bost Ave. off Lower Grass Valley Rd, Nevada City ese ites spend your holiday happily, in the . a * you hold enjoy the peace, love that is Christmas! MARCELLA J. CARSON TREASURER AND TAX COLLECTOR AND STAFF sage, in the Nevada County a a newspaper of general circulation published and circulated in the City of Nevada Passed and adopted at ar Council of the City of Nevada City, California, on the 11th, day of December, 1967, by the follow AYES: Mayor McPherson, Councilmen Day, Rankin City NOES: None ABSENT: Councilmen Barry, Paine /s/ Arch McPherson ATTEST: /s/Sam Hooper City Clerk Publish December 20, 1967 meeting of the City votes: Mayor ELECTED --. .. Dr. Robert N. Essa, Chairman of the Department of Foreign Languages at Sierra College, has been elected as the Junior College Representative to the Foreign Language Association of Northern California, FLANC President Yvette M. Fallandy announced Essa's appointment following an election held among members of the group, CHRISTMAS PLANTS CUT FLOWE Kerr Grass Valley Floral Co. 25.10 DEC '66 Form 22 A MERRY CHRISTMAS H. W. RAY Painting and Decorating Grass Valley, California Sheet Rock Finishing Lic. Bonded and Insured Curistmas . Greetines A Star ascended, blazing brightly, guiding all to a path of peace and love. May you ever be blessed. Fosters Freeze 325 IDAHO MARYLAND ROAD (Across from Hills Flat lumber) Phone 273-0558