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O-1958-558 (first reading)
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O-1958-558 (first reading)
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Last modified
11/2/2016 3:38:23 PM
Creation date
10/23/2006 7:38:55 PM
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Legislative Records
Legislative Type
Ordinance
Date
10/17/1958
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• <br /> <br />December ~Z 1958. <br />The City of La Porte, <br />La Porte, Texas. <br />Gentlemen: <br />In connection with the Agreement of even date <br />herewith, between you and the undersigned, it is agreed <br />that: <br />While it is anticipated that the formula set <br />out in that Agreement will produce in taxes to the City <br />each year the total sum of One Hundred Twenty-Five Thousand <br />Dollars (125,000), should the total Harris County valua- <br />tions of the Industries in the area in any year be such that <br />the total sum so calculated would be less than that amount, <br />the values of each Industry will nevertheless be considered <br />for that year as an amount which, applied to the formula of <br />the Agreement, will result in a total tax payment to the <br />City from the Industries of One Hundred Twenty-five Thousand <br />Dollars ($125,000). <br />Signed in several counterparts, any and all of <br />which constitute one instrument, as of the above date. <br />Very truly yours, <br />E. I. du PONT de~NEMOURS AND <br />COMPANY <br />By <br />CELANESE CORPORATION OF AMERICA <br />By <br />NATIONAL PETRO-CHEMICALS CORPORATION <br />By ~ ~ ~ 1 ~ ~ ' ~_ ~ ~ _~ _ <br />• <br />HOUSTON LIGHTING & POWER COMPANY <br />By ---- <br />PHILLIPS PETROLEUM COMPANY <br />By <br />
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