§ 270. Amount of tax. 1. There is hereby imposed and shall\nimmediately accrue and be collected a tax, as herein provided, on all\nsales, or agreements to sell, or memoranda of sales and all deliveries\nor transfers of shares or certificates of stock, or certificates of\nrights to stock, or certificates of interest in property or\naccumulations, or certificates of deposit representing certificates\ntaxable under this article, in any domestic or foreign association,\ncompany or corporation, or certificates of interest in business\nconducted by a trustee or trustees, made after the first day of June,\nnineteen hundred five, whether made upon or shown by the books of the\nassociation, company, corporation, or trustee, or by any assignment in\nblank, or by any delivery, or by any paper or agreement or memorandum or\nother evidence of sale or transfer, whether intermediate or final, and\nwhether investing the holder with the beneficial interest in or legal\ntitle to said stock, or other certificates taxable hereunder, or merely\nwith the possession or use thereof for any purpose, or to secure the\nfuture payment of money, or the future transfer of any such stock, or\ncertificates. The purchase, redemption or other reacquisition of its\nown shares by a corporation is subject to tax under this article unless\nsuch shares are cancelled on reacquisition pursuant to the provisions of\nsection five hundred fifteen of the business corporation law, or unless\nwithin one year of the date of such purchase, redemption or other\nreacquisition, such shares are cancelled by an appropriate amendment to\nthe corporation's certificate of incorporation or by action of the board\nof directors of such corporation.\n 2. Except as otherwise provided by section two hundred seventy-a of\nthis chapter, the tax imposed by this section shall be two and one-half\ncents for each share, except in cases where the shares or certificates\nare sold, in which cases the tax shall be at the rate of one and\none-quarter cents for each share where the selling price is less than\nfive dollars per share; two and one-half cents for each share where the\nselling price is five dollars or more per share and less than ten\ndollars per share; three and three-quarters cents for each share where\nthe selling price is ten dollars or more per share and less than twenty\ndollars per share and five cents for each share where the selling price\nis twenty dollars or more per share.\n 3. It shall be the duty of the person or persons making or\neffectuating the sale or transfer, including the person or persons to\nwhom the sale or transfer is made, to pay the tax provided by this\narticle; provided, however, that this subdivision shall not apply to any\nsale or transfer wherein the vendor or transferor is a governmental\nentity or international organization which is not subject to the tax.\n 4. The payment of such tax shall be denoted by an adhesive stamp or\nstamps affixed as follows: In the case of a sale or transfer, where the\nevidence of the transaction is shown only by the books of the\nassociation, company, corporation or trustee, the stamp shall be placed\nupon such books, and it shall be the duty of the person making or\neffectuating such sale or transfer to procure and furnish to the\nassociation, company, corporation or trustee the requisite stamps, and\nof such association, company, corporation or trustee to affix and cancel\nthe same. Where the transaction is effected by the delivery or transfer\nof a certificate, the stamp shall be placed upon the surrendered\ncertificate and canceled; and in cases of an agreement to sell, or where\nthe sale is effected by delivery of the certificate assigned in blank,\nthere shall be made and delivered by the seller to the buyer, a bill or\nmemorandum of such sale to which the stamp provided for by this article\nshall be affixed and canceled. Every such bill or memorandum of sale or\nagreement to sell shall show the date of th
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