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agree with each other as follows: <br /> I. <br /> City covenants, agrees and guarantees that during the term of this <br /> Agreement, provided below, and subject to the terms and provisions <br /> of this Agreement, said District shall continue to retain its <br /> extraterritorial status as an industrial district, at least to the <br /> extent that the same covers the Land belonging to Company and its <br /> assigns, unless and until the status of said Land, or a portion or <br /> portions thereof, as an industrial district may be changed <br /> pursuant to the terms of this Agreement. Subject to the foregoing <br /> and to the later provisions of this Agreement, City does further <br /> covenant, agree and guarantee that such industrial district, to <br /> the extent that it covers said Land lying within said District and <br /> not now within the corporate limits of City, shall be immune from <br /> annexation by City during the term hereof (except as hereinafter <br /> provided) and shall have no right to have extended to it any <br /> services by City, and that all Land, including that which has been <br /> heretofore annexed, shall not have extended to it by ordinance any <br /> rules and regulations (a) governing plats and subdivisions of <br /> land, (b) prescribing any building, electrical, plumbing or <br /> inspection code or codes, or (c) attempting to exercise in any <br /> manner whatever control over the conduct of business thereon; <br /> provided, however, 1) any portion of Land constituting a strip of <br /> land 100 ' wide and contiguous to either Fairmont Parkway, State <br /> Highway 225, or State Highway 146, shall be subject to the rules <br /> and regulations attached hereto as Exhibit "C" and made a part <br /> hereof, 2) intermodal shipping containers (including but not <br /> limited to freight and tank containers) placed on any portion of <br /> Land belonging to Company shall be permitted to be stacked only to <br /> a maximum of four containers in height, subject to further <br /> restrictions contained in Exhibit "C"; and 3) it is agreed that <br /> City shall have the right to institute or intervene in any <br /> administrative and/or judicial proceeding authorized by the Texas <br /> Water Code, the Texas Clean Air Act, the Texas Health & Safety <br /> Code, or other federal or state environmental laws, rules or <br /> regulations, to the same extent and to the same intent and effect <br /> as if all Land covered by this Agreement were not subject to the <br /> Agreement. <br /> II. <br /> In the event that any portion of the Land has heretofore been <br /> annexed by City, Company agrees to render and pay full City ad <br /> valorem taxes on such annexed Land and improvements, and tangible <br /> personal property. <br /> Under the terms of the Texas Property Tax Code (S.B. 621, Acts of <br /> the 65th Texas Legislature, Regular Session, 1979, as amended) , <br /> the appraised value for tax purposes of the annexed portion of <br /> Land, improvements, and tangible personal property shall be <br /> determined by the Harris County Appraisal District. The parties <br /> hereto recognize that said Appraisal District has no authority to <br /> appraise the Land, improvements, and tangible personal property in <br /> the unannexed area for the purpose of computing the "in lieu" <br /> 2 <br />