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~ ~ <br />• <br />for the enfor~:emerit of this .agreement are cumulative <br />of those otherwise resting in the City for the en+- <br />f orcement or collection of ad valorem taxes. <br />5. The payments to be made by each of the <br />Industries hereunder to the City are tax payments <br />and not payments in 1ie?z of taxes. <br />V. <br />In the event the City should. for any reason <br />d:~ssolve or become dis-established in any manner during <br />the term hereof, the unaccrued obligations of the Indus- <br />tries.hereunder shall immediately cease. <br />VI. <br />The term of this Agreement shall be from Janu- <br />ary 1, 195; to and including December 31, 1~a53; provided, <br />hoi~aever, that in the event this Agreement is not renewed <br />and/or extended in the same or an amended form on or be- <br />fore November 1, 1963, the agreement of the City not to <br />~~nnex. additional portions of the properties of the Indus- <br />t~~ies shall terminate. No provision hereof shall prejudice <br />t'~:~~: right4 of any of the parties hereto after termination <br />or.' tY~is Agreement. <br />VII. <br />The terms and provisions hereof shall be bind- <br />ink; L: :>on, and inure to the Nenefit of, the successors and <br />ass3.r;ns of the parties hereto. Provided, however, that <br />upon the sale, conveyance or lease, during the term hereof, <br />to any person or corporation not a party hereto, by any of <br />the Industries, of any of its land within the area, upon <br />which no s~~ustantial improvements exist on the date hereof, <br />the lana so disposed of, and any substantial improvements <br />thereaf ter placed thereon, shall thereupon not be further <br />subject to the operation of this agreement for all purposes, <br />except that the annexation of said Amended Ordinance No.558 <br />-7 - <br />