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<br />~ <br /> <br />. <br /> <br />.' <br /> <br />fixing such protested assessment, whichever is the <br />later date, such protesting Industry shall pay to the <br />City its second installment of taxes due for that <br />year based on its Harris County ad valorem tax valua- <br />tion of its properties within the area for the year <br />preceding. At such time as the Harris County ad <br />valorem tax valuation on the property of that Industry <br />which lies within the area has become final either as <br />the result of final judgment of a court of competent <br />jurisdiction or as the result of other final conclusion <br />of the controversy, then that Industry which has so <br />protested shall make payment to the City of any addi- <br />tional tax due it based on such final valuation unless <br />such additional payment shall cause the total taxes <br />paid by all of the Industries collectively to the City <br />for that year to exceed $125,000, in which event such <br />protesting Industry shall pay to the other Industries <br />proportionately on the basis hereinabove provided an <br />amount equal to that by which its tax payment for that <br />year would exceed said total $125,000 (and reduced, if <br />necessary), in order to effect a readjustment among all <br />of the Industries of the proportionate tax payment of <br />each to the City for that year in accordance with the <br />formula above provided. <br />4. Nothing herein contained shall be con- <br />strued as a joint undertaking of liability on behalf <br />of the Industries to the City, so as to create, or pur- <br />port to create any guarantee by any of the corporate <br />Industries of the obligations of another; the under- <br />taking of each of the Industries being direct to the <br />City in the same manner as any other obligation to <br />pay ad valorem taxes, and the remedies of the City <br /> <br />-6- <br />