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.._ _ T _. <br />~- <br />INDUSTRIAL AGREEMENT, Page g. <br /> <br />dollars the proper assessment that should have been placed on <br />Company's said property by Harris County for the year in question, <br />then the assessment determined by said judgment shall be used <br />for the purpose of calculating the amount to be paid City in lieu <br />of taxes in accordance with the provisions of paragraph (2) <br />above. If final judgment entered in any suit does not find said <br />assessment on Company's property to be more than twenty percent <br />(20$) less than said assessment by Harris County of comparable <br />properties within the District, then the assessment originally <br />established fox that year shall be used for the purpose of <br />paragraph (2) above. The costs of any such suit, exclusive of <br />attorney's fees, shall be borne by the losing party. <br />(3) This Industrial Agreement shall extend for a term <br />beginning on the first day of January, 1966, and continuing <br />thereafter until December 31, 1972, unless extended for an <br />additional period or periods of time as provided by the Texas <br />Municipal Annexation Act upon mutual consent of the parties; <br />provided, however, that in the event this Agreement is not so <br />extended for an additional period or periods of time on or <br />before August 31, 1972, the agreement of the City not to annex <br />property of Company within the District shall terminate. In <br />this connection, City hereby expresses its belief that such <br />industrial district agreements are Conducive to development of <br />existing and future industry, are to the best interest of all <br />• citizens of this City, and City hereby encourages future City <br />Commissioners to enter into future industrial agreements and to <br />extend for additional periods permitted by law this industrial <br />agreement upon the request of Company, its successors or assigns. <br />(4) This agreement shall inure to the benefit of <br />and be binding upon City and Company, its assignees, successors, <br />affiliates and subsidiaries, and shall remain in force whether <br />Company sells, assigns or in any other manner disposes o.f, <br />either voluntarily or by operation of law, all or any part of the <br />