1961-11-27 Special Meeting - Laserfiche WebLink

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100 fair market~alue of such properties of the Industries respectively are as set out in Schedule A attached hereto and made a part hereof." V. Article VI of said Agreement of December 22, 1958, is hereby amended by substitutin6 the date "1966" for the date "1963" at each place therein where the latter occurs, and bg substitutixg the mobth "October" for "November" where the latter occurs. VI. Article VII of said Agreement of December 22, 1958, is hereby amended to the extent that, notwithstanding the provisions of said Article VII, it is agreed that any sale, c®nveyance or least by any of the Industries to a subsidiary or to affiliated corporations in which said Industry owns or controls fifty perccent (50~) or more of the voting stock shall not have the effect of removing such land frog the operation of this Agreement. SCHEDULE A (Attached to Agreement between City of La Porte and the Industries listed below, dated December 30, 1961} Houston Lighting & P©wer Company ....................... X7,288,580.00 E. I. du Pont de Nemours and Company ................... 2,077,140.00 Celanese Corporat3.oA of America ........................ 2,017,140.00 National Distillers and Cheadcal Corporation ........... 2,698,580.00 Phillips Petroleum Compaq ............................. 204,280.00 Carried. Ordinance Na. 635 was read in full by May©r Pfeiffer. Motion by Brawn, second by Stabs, that Ordinance No. 635 be adopted as read. The caption of such adopted ®rdinance reads as fo]1®ws: AN ORDINANCE ANNEXING THE HEREINAFTER. DESCRIBED TERRITORY TO THE CITY OF LA PORTE, TEXAS, AND EXTENDING THE BOUATDAft7~ LIMITS OF THE SAID CITY OF LA PORTE, TEXAS, SO AS TO INCLUDE SAID HERE- IN A FTER DESCRIBED TERRITORY, GRANTING TO ALL INHABIT ANTS AND OWNERB OF SAID PROPERTY ALL OF THE RIGHTS AND PRIVILEGES OF OTHER CITIZENS, BINDING SAID INHABITANTS BY ALL THE ACTS, ORDINANCES, RESOLUTIONS AND REGULATIONS OF THE CITY OF LA PORTF, TEXAS, RESEFtVII~ AND PRESERVING ALL RIGHTS, POWERS AND DUTIES AS TO TERRITORY INCLUDED IN PRIOR ORDINANCES. Carried.