O-1973-947 - Laserfiche WebLink

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. . .. .. ... . e :- Industrial District Agreement - 7 . of failure of Company to file either such petition, or such descrip- tion, City shall have the right by notice in writing to Company to cancel and terminate this Agreement. X. This Agreement shall inure to the benefit of and be binding upon City and Company, and upon Company's successors and assigns, affili- ates and subsidiaries, and shall remain in force whether Company sells, assigns, or in any other manner disposes of, either voluntarily or by operation of law, all or any part of the property belonging to it within the territory hereinabove described, and the agreements herein contained shall be held to be covenants running with the land owned by . Company situated within said territory, for so long as this Agreement or any extension thereof remains in force. XI. If City enters into an Agreement with any other landowner with respect to an industrial district or enters into a r~ewal of any existing industrial district agreements after the effective date hereof and while this Agreement is in effect, which contains terms and provisions more favorable to the landowner than those in this Agreement, Company and its assigns shall have the right to amend this Agreement and City agrees to amend same to embrace the more favorable . terms of such agreement or renewal agreement. ENTERED INTO this 31st day of August, 1972. OHMSTEDE MACHINE WORKS, INC. 7~~ ( COMPANY) By 7lT:d ~ Secretary p r.~ ." CITY OF LA PORTE .~ ~layor ~4 By U. _ . (Revised: 8-72)