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93-IDA-31
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93-IDA-31
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12/28/2022 9:11:38 AM
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La Porte TX
Document Type
Ordinances
Date
2/14/1994
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• l <br />Industrial District Agreement - 10 <br />i.. <br />�. VIII. <br />This Agreement shall inure .to the benefit of and be binding upon <br />City and Company, and upon Company's successors and assigns, affili- <br />ates and subsidiaries, and shall remain in force whether Company <br />sells, assigns, or in any other manner disposes of, either voluntar- <br />ily or by operation of law, all or any part of the property belonging <br />to it within the territory hereinabove described, and the agreements <br />herein contained shall be held to be covenants running with the land <br />owned by Company situated within said territory, for so long as this <br />Agreement,or any extension thereof remains in force. <br />IX. <br />If City enters into an*Agreement with other landowner with <br />respect to an industrial district or enters into a renewal of any <br />existing industrial district agreements after the effective date <br />hereof and while this Agreement is in effect, which contains terms <br />and provisions more••favorable to -•-thee landowner than those in thiss <br />Agreement, Company and its assigns shall have the right to amend this <br />Agreement and City agrees to amend same to embrace the more favorable <br />terms of such agreement or renewal agreement. ' <br />ENTERED INTO this 15th day of August, 1979. <br />PETROL ITE CORPORATION (COMPANY) <br />i <br />By <br />ATTEST: <br />Sectary ��csisi�/.cTJ <br />
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