1969-01-06 Regular Meeting - Laserfiche WebLink

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2. Deed dated January 13, 1964, from Ben G. Sewell to The Upjohn Company, recorded in Volwae 5381, page 537, of the Deed Records of Harris County, Texas, covering 52.9251 acres of land in the Arthur McCormick Survey, Abstract No. 46, Harris County, Texas. 3. Deed dated June 28, 1963, from Phillips Petroleum Company to The Upjohn Company, recorded in Volume 5185, page 102, of the Deed Records of Harris County, Texas; a portion of which tract of .land is included in the City's corporate limits by virtue of annexation to the City by City's Ordinance No. 623 and by virtue of disannexation from the City by virtue of City's Ordinance No. `r~' to which ordinances reference is here made, and a portion of which tract of land lies within the District; and • WHEREAS, City desires to encourage the expansion and growth of said industrial plant of Company within said District as well as within the area included within the City's corporate . limits by virtue of said Ordinances Nos. 623 and and for such purpose desires to enter into this agreement with Company pursuant to resolution adopted by the. City Commission of said City, and recorded in the official minutes of said City. NOW, THEREFORE, in consideration of the premises arzd the mutual agreements of the parties herein contained, and pursuant to the authority granted under the Texas Municipal Annexation Act referred to above, the parties hereby agree as follows (1) City covenants, agrees and guarantees that during the term of this agreement hereinbelow provided, said District shall continue and retain its extraterritorial status as an industrial district at least to the extent that the same covers the above-described land lying therein belonging to Company, and City does further covenant, agree and guarantee that such indus- trial district to the extent that it covers said land belonging to Company lying within said District shall be immune from annexation by City during the term hereof, and that all of said land and property of Company, both that heretofore annexed and that lying within said District, shall not have extended to it