(1) The payment of the tax imposed by this Chapter shall be evidenced by the affixing of a documentary stamp or stamps to every document by the person making, executing, issuing or delivering such document regardless of the situs of the actual making, executing, issuing or delivering of such document.

(2) Such stamps shall be affixed in such manner that their removal will require the continued application of steam or water and the person using or affixing such stamps shall cause such stamps to be cancelled in such manner that they may not be used again, either:

(a) by writing or stamping or by causing to be written or stamped thereon the initials of his name and the date upon which such stamps are affixed or used, or

(b) by complying with such other method of cancellation as the Department may prescribe.