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<br /> I I -------_.,,--- -.--~~-..-':".;";c;c:,....:-~~~~~j\~~:~;r:?,~.~?f;'?~tut'f';;.:;. <br />. e e <br /> . - <br />. " <br />e <br /> Industrial District Agreement - 2 <br /> upon which tract(s) Company has either constructed an industrial <br /> plant(s) or contemplates the construction of an industrial plant(s); <br /> and <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 IIBattleground Industrial District of La Porte, <br /> Texas,1I and Ordinance No. 842, designating portions of the area <br /> located in its extraterritorial jurisdiction as the IIBayport Indus- <br /> trial District of La Porte, Texas," hereinafter collectively called <br />e "District," such Ordinances being in compliance with the Municipal <br /> Annexation Act of Texas, Article 970a, Vernons Annotated Revised <br /> Civil Statutes of Texas; and . <br /> ~lHEREAS , City desire~ to encourage the expansion and growth of <br /> industrial plants \'li thin said District and for such purpose desires <br /> . <br /> to enter into this Agreement with Company pursuant to Resolution <br /> adopted by the City Commission of said City and recorded in the <br /> official minutes of said City: <br /> Nmv, THEREFORE, in consideration of the premises and the mutual <br /> . <br /> agreements of the parties contained herein and pursuant to the <br /> authority granted under the Municipal Annexatio~ Act, and the Ord i- <br /> nances of City referred to above, City and Company hereby agree with <br /> each other as follows: <br />e <br /> I. <br /> City covenants, agrees and guarantees that during the term of <br /> this Agreement, provided below, and subject to the terms and provi- <br /> sions of this Agreement, said District shall continue and retain .its <br /> ; <br /> extraterritorial status as an industrial d is t'rict, at least to the <br /> extent that the same covers the land described above and belonging <br /> to Company and its assigns, and unless and until the status of said <br />e land, or a portion or portions thereof, as an industrial district <br /> may be changed pursuant to the terms of this ^greement. Subject to <br /> . <br /> .. , - . . ..... '.- <br /> --~- -~- ----------- <br />