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<br />.' <br /> <br />" <br /> <br />. <br /> <br />.: <br /> <br />, <br />. <br /> <br />limits of the City, for the duration of this Agreement, <br />will not disannex the same or any part thereof, or enter <br />into any agreement with any other municipality of what- <br />ever nature, which would result in a transfer of the <br />area so annexed to the jurisdiction of any other munici- <br />pality. <br /> <br />III. <br />During the term hereof, the City will not <br />annex or attempt to annex any properties of the Indus- <br />tries, or any of them, other than those included within <br />the descriptions set out in said Amended Ordinance No. <br />558. <br /> <br />IV. <br />During the term hereof each of the Industries <br />will pay ad valorem taxes to the City on that portion of <br />its land included within the limits of the City under <br />said Amended Ordinance No. 558, the amount of such taxes <br />to be determined by the use of the following formula: <br />1. The assessed ad valorem tax value <br />fixed annually by Harris County on the entire <br />property of each of the Industries which lies <br />within the area described in Ordinance No. 558 <br />prior to its amendment, (sometimes referred to <br />herein as the "area"), shall be assessed by the <br />City as the ad valorem tax value for that year <br />of that portion of the property of such Industry <br />which lies within the limits of the City under <br />the provisions of amended Ordinance No. 558, <br />(sometimes referred to herein as the 11annexed <br />property"). The then current tax rate of the <br />City shall be applied to the valuations so ob- <br />tained and each Industry will pay to the City <br /> <br />-3- <br />