The following words, when used in this article, shall
have the meanings hereby ascribed thereto, except where the context
clearly indicates otherwise:
ASSOCIATION
A partnership, limited partnership, or other form of unincorporated
enterprise owned by two or more persons.
COLLECTOR
The Recorder of Deeds of Bucks County, Pennsylvania; provided,
however, that if the Recorder of Deeds of Bucks County cannot be lawfully
required to serve and does not voluntarily serve or cannot be lawfully
appointed, then such other person as shall lawfully be appointed by
the Council of the Borough of Silverdale.
CORPORATION
A cooperative, joint-stock association or corporation.
DEED
A contract, agreement, document, deed, decree, order, instrument
or writing whereby any lands, tenements, or hereditaments, or any
interest therein, shall be alienated, granted, bargained, sold, transferred,
conveyed, assigned, released or otherwise disposed of to any person;
excepting, however:
(1)
Transfers between husband and wife and transfers
between parent and child or the spouse of such child;
(2)
Leases, agreements of sale, or mortgages and
transfers by will, testamentary writings or by the intestate laws
of the Commonwealth of Pennsylvania; and
(3)
Such other transfers as are beyond the legal
taxing authority of the Borough as enumerated in the Local Tax Enabling
Act of 1965.
INTEREST
The vested or contingent title, right, privilege, power,
benefit or advantage accruing to any person as the result of any transaction.
PERSON
A natural person, association or corporation, including such
persons, associations and corporations when acting in a representative
or fiduciary capacity. Whenever used in any clause prescribing or
imposing a penalty, or both, the term "person" shall include the partners
in a partnership or limited partnership, the members of an unincorporated
enterprise, or the officers of a corporation.
TRANSFER
The transfer of real property by deed, as herein defined,
or of any interest in real property, situate wholly or partly within
the Borough of Silverdale, regardless of where the instrument making
the transfer is made, executed or delivered or where the actual settlement
of such transfer takes place.
VALUE
The actual pecuniary worth of any interest which constitutes
the subject matter of a transfer at the time the said transfer is
consummated. Any actual monetary consideration for transaction shall
be prima facie, but not conclusive, evidence of actual pecuniary worth
or value and shall be construed to include any sums of cash or articles
of value agreed to be paid or exchanged, the face value of all mortgages,
notes, judgments, liens or encumbrances given in connection with the
transaction, together with any other evidence of indebtedness or promises,
whether oral or written, given as full or part consideration for the
transaction; provided that the value shall in no event be less than
the amount subject to the state tax on transfers of real estate.