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<br /> <br />A G R E E M E N T <br />THIS AGREEMENT made and entered into by and be- <br />• <br />WITNESSETH THAT: <br />WHEREAS, the City has passed at first reading <br /> <br /> <br />THE STATE OF TEXAS <br />COUNTY OF HARRIS <br />tween the City of La Porte, Texas, a home rule municipal <br />corporation in Harris County, Texas, hereinafter called the <br />"City", acting by and through its officers and members of <br />its City Commission signatory hereto, and E. I. du Pont de <br />Nemours and Company, Celanese Corporation of America, <br />National Petro-Chemicals Corporation, Houston Lighting & <br />Power Company and Phillips Petroleum Company, each being <br />corporations with permits to do business in Texas, herein <br />called the "Industries" and/or "Industry", <br />on October 17, 1858 that certain Ordinance No. 558, pur- <br />porting to annex to the existing City limits an additional <br />area which would include all or a part of the real proper- <br />ties and/or manufacturing plants of the Industries within <br />the City limits, as so extended, and <br />WHEREAS, the Industries have duly filed with <br />f <br />the City written protests and ob,jectiens to the said <br />annexation proposed in said Ordinance No, 558, contending <br />that the City is without the power or authority in law to <br />annex all or any part of the properties of each of the <br />Industries to the City; that said properties are not <br />suitable for municipal needs and purposes; that said prop- <br />erties have no need of municipal services and entitlements <br />from the City and the City is not in position to furnish <br />the same in the foreseeable future; that such properties <br />cannot be annexed to pay existing bonded indebtedness of <br />