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<br />- <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />e <br /> <br />e <br /> <br />is here made, upon which Company has constructed an in- <br />dustrial plant, a portion of which is situated on land annexed <br />to the City by City's Ordinance No. 637, to which reference <br />is here made, and a portion of which land and plant lies <br />within the District; and <br />WHEREAS, City desires to encourage the expansion and <br />growth of said industrial plant of Company within said District <br />as well as within the area annexed to City by said Ordinance <br />No. 637, and for such purpose desires to enter into this agree- <br />ment with Company pursuant to resolution adopted by the City <br />Commission of said City, and recorded in the official minutes <br />of said City. <br />NOW, THEREFORE, in consideration of the premises and <br />the mutual agreements of the parties herein contained, and <br />pursuant to the authority granted under the Texas M~nicipal <br />Annexation Act referred to above, the parties hereby agree <br />as follows: <br />(1) City covenants, agrees and guarantees that during <br />the term of this agreement hereinbelow provided, said District <br />shall continue and retain its extraterritorial status as an <br />industrial district at least to the extent that the same covers <br />the land lying therein belonging to Company which was conveyed <br />to it by the above described deed, and City does further <br />covenant, agree and guarantee that such industrial district <br />to the extent that it covers said land belonging to Company <br />lying within said District shall be immune from annexation <br />by City during the term hereof, and that all of said land and <br />property of Company, both that heretofore annexed and that <br />lying within said District, shall not have extended to it by <br />ordinance any rules and regulations (a) governing plats and <br /> <br />-2- <br />