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City shall be'entitled to a tax lien on :Company above described <br />property, all improvements thereon, and all tangible personal <br />property thereon, in the event.of default in payment of "iri"lieu <br />of taxes" payments hereunder_, which shall accrue. penalty and, <br />.... interest in like' manner as delinquent taxes; and which shall. be <br />collectible by City in the same manner as provided by,law, .tor <br />delinquent taxes <br />This 'Agreement shall inure to:" the benef it of and be binding upon <br />City and Company, and upon Company's successors and. assigns, <br />affiliates and subs%diaries, and shall remain ':in force whether <br />Company.se:lls, assigns,:=or in any other manner: disposes of either <br />.... <br />voluntarily or�}y ,operation' of law, All: or any part of the <br />property belonging to it:within the;.: territory:: Yiereinabove <br />described.,:and the::agreements herein contained shall be held to be <br />covenants: running with.:the land..owned by Company. situated -within <br />said: territory, ::for so long: as this: Agreement or. any: extension <br />thereof .remains in.:f orce . ':Company .shall: gave .City .written notice <br />. within :ninety (90):.days, with: full: particulars: as to :property <br />;. <br />:assigned:an.identity of assignee, ; of ariy disposition. of:, the: Land, <br />and assignment.of this Agreement. <br />2X� <br />If :.City enters.: into an -:Agreement with :: a#y other jandOwner with.. <br />respect' to; an 'industriaa district or enters _into -;a renewal. of _any':::,... <br />existing :industrial district agreements after the effective date <br />hereof anal` -while ;this Agreement i's .z_n. effect , wh ch contains terms <br />and.:provisions::more favorable::to the landowner than those in this <br />Agreeme'nt,, ::Company: and: is assigns::shal7: have the right to amend <br />this Agreement and: City agrees 'to:.amend same to.::embracethe:more <br />favorable terms : of such agreement .`or renewal agreement . - <br />X. <br />. <br />.. ... <br />.... . <br />The parties agree that this .Agreement complies with existing laws <br />pertaining to :the. subject arid: that all germs, considerations and <br />conditions ::set forth. herein are lawful, reason'ble, appropriate, <br />and .not ,unduly restrictive of Company's business activities. <br />W.Without such. agreement neither party hereto would enter; into 'thii :. <br />Agree ment.In:: the .event :any :one or more: :words, . phrases, clauses, <br />sentences., : paragraphs,:::sections, articles or other partsof this <br />Agreement` or. the ..'application thereof... to .any Person,. firm,. . <br />corporation or.eircumstances shall be ::held by any: court of <br />competent ..:j.ursdetion . to . be invalid or:: unconstitutional . for ... any:: <br />reason,;. then the app.l�cation, invalidity or unconstitutionality of <br />.. such words:; phrase; clause.,.. sentence; paragraph; -s.ection article. <br />or other part.:of: the Agreement shall be: deemed tow: be independent : <br />of and separable' from: the remainder of this. Agreement and the:: <br />validity of the remaining parts cf: this Agreement shall not be <br />:.affected thereby.: <br />XI. <br />9 <br />