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Industrial District Agreement - 3 the foregoing and and to the later provisions of this Agreement, 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) prescribing 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. (A) A portion of the hereinabove described property has hereto- fore been annexed by City. [Company has filed with City, coincident with the execution hereof, its petition to City to annex an addi- tional portion of the hereinabove described property, to the end that twenty-five per cent (25%) of the total value of the land and improvements hereinabove described shall be annexed to City, Com- pany agrees to render and pay full City ad valorem taxes on such annexed land and improvements, and tangible personal property. (1) For tax years 1980 and 1981, Company also agrees to render and pay an additional amount "in lieu of taxes" on Company's land, improvements, and tangible personal property in the un- L