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<br />Industrial District Agreement - 3
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<br />the foregoing' and to the later provisions of this Agrement, City does
<br />further covenant, agree and guarantee that such industrial distri.ct,
<br />to the extent that it covers said land lying within said District and
<br />not now"within. the corporate limits of City, or to be annexed under
<br />the p:J;:,ov.isions~;,of, Art;i.cle II hereof, shall be ,immune from annexat;.ion
<br />by" ~c;.i,;ty ,::4.~+,;i.ng: th~.... ter:m: he:re,of,:-, ,( except ,:. .as: hereinafter, provi.ded) a~d
<br />shal:-,.1,:have ~no..:r,ight to have, .extended,to',,it any, services by. ,City, and
<br />i;:l)a.t::(?l~l" ()f:' s~'i~::'".l;~l1d,; ; incl.~,di,ng ,.; ;tl)~t'....:wl1-iG}l. n~s been;; heretof,ore, ,Q~
<br />which', may , be".. annexed 'pursuant,...,-tO: .'.the : later pr.ovisionE! 'of this
<br />Agr~ement, shall not have extended..to it by ordinance ~ny rules and
<br />r~gulations (a) governi~g plats and subdiv~sions of land, (b) prescri-
<br />bing'any building, electrical, plumbing or inspection code or codes,
<br />or (c) attemptin9 to exercise ,in any', manner whatever qontr()l over
<br />the conduct ",of, ,busines,s, ,thereon: ,pr,ovided, however" ,.' it-.., is ,agl;'~ed
<br />that City shall "nave the. right. to institute, Qr ,intervene in any:
<br />jq4,~,q;i.~1 'prC>.G~,edi.~g author~ze,Q' by: the:, '~ex~s: Water Cod~ or the Texa~.
<br />G~~~"A.,A,ir.'d\Q.::~ :J~o ~.t:lt~ ,same extent and to the same intent and effect as
<br />if alLtcla,nd:'cov,ered 'by "thi:s;J.\g,r~ement,..~er~ l'ocated ,within' the:.corporate,
<br />limits of City.
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<br />II.
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<br />A portion of the her~inabove described property"has heretofore
<br />been annexed by City. Company has filed with City, coincident with
<br />the execution hereof, its petition to City to annex an additional
<br />portion ~f ,the, hereinabove described,property, to the end that twenty~
<br />fiv~ percent (25%) of the total yalue of the land and improvements
<br />hereinabove described shall 1;>e annexed, ,tc;> C,. ty. Company, agrees ,to
<br />render and, pay ,fuI,l City ad - valo~em _,~axes on such annexed land and
<br />improvements, and tangible personal property.
<br />Under the terms of the Texas Property Tax Code (S.B. 621, Acts
<br />of the 65th Texas I:-egisl~ture, Regular Session, 1979, as amended),
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