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. e " Industrial District Agreement - 3 the foregoing and to the later provisions of this Agrement, City does further covenant, agree and guarantee that such industrial district, to the extent that it covers said land lying within said District and not now within the corporate limits of City, or to be annexed under the provisions of Article II hereof, shall be immune from annexation by City during the term hereof (except as hereinafter provided) and shall have no right to have extended to it any services by City, and that all of said land, including that which has been heretofore or which may be annexed pursuant to the later provisions 'of this Agreement, shall not have extended to it by ordinance any rules and regulations (a) governing plats and subdivisions of land, (b) prescri- bing any building, electrical, plumbing or inspection code or codes, or (c) attempting to exercise in any manner whatever control over the conduct of ,business thereon; provided, however, it is agreed that City shall have the right to institute or intervene in any judicial proceeding authorized by the Texas Water Code or the Texas Clean Air Act to the same extent and to the same intent and effect as if all land covered by this Agreement were located within the corporate limits of City. II. 5P' J? A par~iea ef--~e hereiaaeovc dcaerieea preper~y Rae Rere~ofere- CompaRY Aas filed ','itA CitYJ CoiRC'ident "'ith -been ilRRexea by City the eXeCiIl:ltioR A9reof. it.s pet.it.ioR t.o Cit.y to ilRJHlX aR .aaaitioAa* port.ioR of t1:Ul R9reiRilrOu'i' Q9QC'ribed prorerty. to the eRd tAat t'\1eRt.y- five pgrC9Rt. (2 S%) of the total "'alue of the laRa aRd imrrOu9R\eR'ES hereiRaboue describea Shilll 'be aRnexed t.o City 1 CompaRY agrees to reRder aRQ pay full Cit.y ad valorem taxes OR sucl:1 aRRexea laRd and. impro~emeRt.s. 3RQ t.aRgi'ble persoRal prope~t~. Under the terms of the Texas Property Tax Code (S.B. 62l, Acts of the 65th Texas LegiSlature, Regular Session, 1979, as amended),