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<br />.;~ <br />\\ <br /> <br />.' ; <br /> <br />e <br /> <br />e <br /> <br />.~ <br /> <br />Industrial District Agreement - 2 <br /> <br />e' <br /> <br />upon which tract(s) ~ompany has either constructed an industrial <br />plant(s) or contemplates the construction of 'an industrial plant(s); <br />and <br /> <br />WHEREAS, pursuant to its pOlicy, City has enacted Ordinance No. <br />729, designating portions of the area located in its extraterritorial <br />jurisdiction as the "Battleground Industrial District of La Porte, <br /> <br />Texas," and Ordinance No. 842, designati~g portions of the area <br />..........- <br /> <br />located in its extraterritorial jurisdiction as the "Bayport Indus- <br /> <br />trial District of La Porte, Texas, n hereinafter collectively called <br /> <br />e <br /> <br />"District, n such Ord inances <br /> <br />being in compl iance wi th the Municipal <br /> <br />Annexation Act of Texas, Article 970a, Vernons Annotated Revised <br /> <br />Civil Statutes of Texas: and <br /> <br />WHEREAS, City desires to encourage the expansion and growth of <br />l , <br />industrial plants within said District and for such purpose desires <br /> <br />to enter into this Agreement ,wi th Company pursuant t~ Resolution <br />adopted by the City, Commission of said City and recorded in the <br />official minutes ~f said City: <br />NOW, THEREFORE, in consideration.of the premises and the mutual <br /> <br />agreements of the parties contained herein and pursuant to the <br /> <br />-- <br /> <br />authority granted under the Municipal Annexation Act and the Ordi- <br /> <br />nances of City referred to above, City and Company hereby agree with <br /> <br />each other as follows: <br /> <br />I. <br /> <br />Ci ty covenants, agrees and guarantees that during the term of <br /> <br />this Agreement, provided below, and subject to the terms and provi- <br /> <br />sions of this Agreement, said District shall continue and retain its <br /> <br />extraterritorial status as an industrial district, at least to the <br /> <br />extent that the same covers the land described above and belongin9 <br /> <br />to Company and its assigns, and unless and until the status of said <br /> <br />eland, or u portion 01." portions thereof, as an industrial dis.trict <br />may be changed pursuant to the terms of this ^greement. Subject to <br />