R-1966-52 - Laserfiche WebLink

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. ' .. ~ e . , (3) This Industrial Agreement shall extend for a term beginning on the first day ot January, 1966, and continuing thereafter until December 31, 1972, unless extended for an additional period or periods of time as provided by the Texas Municipal Annexation Act upon mutual consent of the parties; prOvided, how- ever, that in the event this agreement is not so extended for an additional period or periods of time on or before August 31, 1972, the agreement ot the City not to annex property of Alamo within the District shall terminate. In this con- nection, City hereby expresses its belief that such industrial district agreements are conducive to development of existing and future industry, are to the best interest of all citizens of this City, and City hereby encourages future City Commissioners to enter into future industrial agreements and to extend tor addi- . tional periods per.mitted by law this industrial agreement upon the request of Alamo, its successors or assigns. (4) Contemporaneously and effective herewith, Alamo and the other indus- tries which were parties to the above described agreement dated December 30, 1961, which amended and carried forward said agreement dated December 22, 1958, have entered into a further agreement with City terminating said prior agreements effective as of the effective date hereof. This agreement shall inure to the benefit of and be binding upon City and Alamo, its assignees, successors, affiliates and subsidiaries, and shall remain in force whether Alamo sells, assigns or in any other manner disposes ot, either voluntarily or by operation of law, all or any part of the property belonging to . it within said District, and the agreements herein contained shall be held to be covenants running with the land described in said deed recorded Volume 4841, Page 44, Deed Records of Harris County, Texas, tor so long as this agreement or any extension thereof remains in force. ,ENTERED into this 31st day of December , 19 65 . ':. .'- ... ~, ~ ~ ~ ,~,. ~ ';,:: ".:~~ \. -~ ?? [~~~i:~~ ." S ~ . .' ~., - -'7J1- .. .!X7 ~ .,.' -V:" c./ /u . ........~. ..:t ~ ~. ..~ ~ Secretary ALAMO nmUSTRIES, DIC. (1M rf r By /?...!AO~_ (J 4-d ":K~ - lite t=- esident CITY OF LA PORTE ATTEST: . ~ . ,.,J~ ~cretary By ,Ii Jtcl7f - 4 -