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TABLE OF CONTENTS <br />(i) <br />1 <br />i <br />Pace <br />RECITALS............. <br />............................... <br />1 <br />IDEFINITIONS <br />... ............................... <br />3 <br />k <br />j <br />IIPURPOSE <br />AND POWERS ........................... <br />5 <br />2.1 <br />Agency Created ........... s .............. <br />5 <br />2.2 <br />Purpose of the Agreement; Common <br />Powers to be Exercised .................. <br />5 <br />2.3 <br />Powers ... ............................... <br />6 <br />IIIORGANIZATION <br />................................. <br />8 <br />3.1 <br />Membership .............................. <br />8 <br />3.2 <br />Names .... . ............................... <br />8 <br />3.3 <br />Board of Directors ....................... <br />8 <br />3.4 <br />Principal Office ........................ <br />10 <br />3.5 <br />Meetings . ............................... <br />10 <br />3.6 <br />Quorum.. . ... .............. <br />11 <br />3.7 <br />Powers and Limitations Thereon.......... <br />11 <br />3.8 <br />Minutes .. ............................... <br />11 <br />3.9 <br />Rules .. • ......... ...................... <br />11 <br />3.10 <br />Vote or Assent of Parties ............... <br />11 <br />3.11 <br />Officers ............................. <br />12 <br />3.12 <br />Committees.. <br />13 <br />3.13 <br />Additional officers and Employees....... <br />13 <br />3.14 <br />Bonding Requirement..... ......... <br />13 <br />3.15 <br />Status of Officers and Employees........ <br />14 <br />IV <br />CONTRIBUTIONS... <br />........ ............ <br />14 <br />4.1 <br />Imposition of Major Thoroughfare and <br />Bridge Construction Fee by Members...... <br />14 <br />4.2 <br />Annual Review of Fees ................... <br />15 <br />4.3 <br />Payment.. .. ...... ............... <br />16 <br />4.4 <br />Compensation of Agency for <br />Acquisition of Rights -of- Way............ <br />17 <br />V <br />RELATIONS WITH OTHER MAJOR THOROUGHFARE <br />AND BRIDGE FEE AGENCIES.. ....... <br />18 <br />5.1 <br />Joint Action with Other Agencies........ <br />18 <br />5.2 <br />Communications Between Corridor - <br />Agencies ... . ............ . ............... <br />18 <br />i <br />5.3 <br />Lending and Borrowing of Funds <br />j <br />Between Agencies ........................ <br />18 <br />(i) <br />1 <br />i <br />