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e e WHEREAS, it is the intention of City and Company that should there be any conflict between the provisions of said Water and Sewer Service Agreement, and said Utility Extension Agreement, and the terms and provisions of this Industrial District Agreement, the terms and provisions of the Water and Sewer Service Agreement and the Utility Extension Agreement, as the case may be, shall control, to the extent of such conflict only: NOW, THEREFORE, in consideration of the premises and the mutual agreements of the parties contained herein and pursuant to the authority granted under the Municipal Annexation Act and the Ordinances of City referred to above, City and Company hereby agree with each other as follows: I. City covenants, agrees and guarantees that during the term of this Agreement, provided below, and subject to the terms and provisions of this Agreement, said District shall continue to retain its extraterritorial status as an industrial district, at least to the extent that the same covers the Land belonging to Company and its assigns, unless and until the status of said Land, or a portion or portions thereof, as an industrial district may be changed pursuant to the terms of this Agreement. Subj ect to the foregoing 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, 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, except as provided in the Water and Sewer Service Agreement and the Utility Extension Agreement of even date herewith between City and Company, reference to which is here made for all purposes, and that all Land, including that which has been heretofore annexed, shall not have extended to it by ordinance any rules and regulations (a) governing plats and subdivisions of land, (b) prescribing any building or electrical codes, plumbing or inspection code or codes, or (c) attempting to exercise in any manner whatever control over the conduct of business thereon, except as provided for in Exhibit "C" and except as provided in the Utility Extension Agreement and Water and Sewer Service Agreement of even date herewith; provided, however, it is agreed that City shall have the right to institute or intervene in any administrative and/or judicial proceeding authorized by the Texas Water Code, the Texas Clean Air Act, the Texas Health & Safety Code, or other federal or state environmental laws, rules or regulations, to the same extent and to the same intent and effect as if all Land covered by this Agreement were not subject to the Agreement. II. In the event that any portion of the Land has heretofore been annexed by City, Company agrees to render and pay full Ci ty ad valorem taxes on such annexed Land and improvements, and tangible