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<br />Industrial District Agreement - 9
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<br />,subject only to' judicial review as may' be available under the
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<br />'Texas General 'Arbitration Act (Articles 224-238, Vernon's Annot-
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<br />:ated Revised, Civil Statutes of Texas).
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<br />Costs of the arbitration
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<br />" "sha'll 'be" 'shared "equally"'by 'the Company and the City, provided
<br />." ,;::that "each :party: shall bear"1 ts own 'attorn'eys fees. '
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<br />.- (C)
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<br />Should the, prchfisions' of" ArtIcle' II
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<br />of this Agreement
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<br />bec:,omeioimp()ss'ib:le :, of"""errforceme"rit l::},ecauSe"'''of ',.,,:( 11) ;.' 'tli'e': ihvi:lilcH ty..:::":C;t
<br />unenforceabi:lity ,of: the, Texas Pibperty: -COde '(S';B~' 621-;: Acts of the
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<br />65,th'Texas Legislature, Regular, Session, 1979), or' any relevant
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<br />provision thereof, or (2),: because of any material delay or failure
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<br />to act;., on the part' of the Harris County 'Appraisal" District,' then and
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<br />in' any:....of -. 'such'-"events'~ ::':8.1'1" ':payments' under this Agreement shall be
<br />governed by ,the provisions of Article "'it hersof:' - anythirtg to the
<br />contrary in this Agreement 'notwithst'a.nding. ,..',..:.',
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<br />.. - ". .- ....... '.' -..~
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<br />, VI I. '..
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<br />d : C.ity.. shal,l' be ',entitled -to a 'tax ,lien on Company's above-described
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<br />property~ all:improv,ements"thereon, and'all tarigibl'e personal property
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<br />thereon, in. the event of default in payment of "in lieu of taxes"
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<br />payments hereunder, 'which shall accrue penalty and inte'rest in like
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<br />manner,'.'as: delinquent: taxes, , and ,which shall be collecti1;>le by City in
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<br />the same manner as provided.by law for delinquent taxes.
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<br />VI,I!.
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<br />Company agrees, to ..provide, to" Ci ty at Company's expense, a survey'
<br />plat and..fi,eld, note.. description' of ,the land' and improvements which
<br />Company "peti tions to 'be annexed in' accordance with the provisions of'
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<br />Article"-II' above,.-,' Such' annexation tract shall be contiguous to a
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<br />point on,the, existing corporate, limits of La Porte. In the event of
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<br />failure ,of ..C,ompany to file either such petition, 'or such description,
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<br />City shall have the right by notice in writing to Company to cancel
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<br />and terminate this' -Agreement.'~i :' :",'
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