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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 Land belonging <br /> to Company shall be permitted to be stacked only two containers in <br /> height within the 100' wide portion of Company' s Land contiguous <br /> to either Fairmont Parkway, State Highway 225 , or State Highway <br /> 146 ; beyond said 100' wide strip, intermodal shipping containers <br /> shall be eligible to be stacked one additional container in height <br /> within and for each successive 100' wide portion of Company' s Land <br /> behind and following the preceding 100' wide strip, up to a <br /> maximum of six containers in height, regardless of distance from <br /> Fairmont Parkway, State Highway 225, or State Highway 146 ; and 3) <br /> it is agreed that City shall have the right to institute or <br /> intervene in any administrative and/or judicial proceeding <br /> authorized by the Texas Water Code, the Texas Clean Air Act, the <br /> Texas Health & Safety Code, or other federal or state <br /> environmental laws, rules or regulations, to the same extent and <br /> to the same intent and effect as if all Land covered by this <br /> Agreement were not subject to the 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 /> 2 <br />