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I <br />TABLE OF CONTENTS <br />Page <br />RECITALS............. ............................... <br />1 <br />I <br />DEFINITIONS ... ............................... <br />4 <br />II <br />PURPOSE AND POWERS ........................... <br />6 <br />2.1 <br />Agency Created.......... ............. <br />6 <br />2.2 <br />Purpose of the Agreement; Common <br />Powers to be Exercised .................. <br />6 <br />2.3 <br />Powers ... ............................... <br />7 <br />IIIORGANIZATION <br />................................. <br />8 <br />3.1 <br />Membership .............................. <br />8 <br />3.2 <br />Names.. ............................ <br />9 <br />3.3 <br />Board of Directors ...................... <br />9 <br />3.4 <br />Principal Office ......................... <br />11 <br />3.5 <br />Meetings <br />. ............................... <br />11 <br />3.6 <br />Quorum.. ... ............... <br />11 <br />3.7 <br />Powers and Limitations Thereon.......... <br />11 <br />3.8 <br />Minutes .. ..................... <br />12 <br />3.9 <br />..... <br />Rules.......... <br />... ................ <br />12 <br />3.10 <br />Vote or Assent of Parties ............... <br />12 <br />3.11 <br />Officers . ............................... <br />12 <br />3.12 <br />Committees.. <br />13 <br />3.13 <br />Additional Oii ice.;'and Employees....... <br />14 <br />3.14 <br />Bonding Requirement...... ............ <br />14 <br />3.15 <br />Status of Officers and Employees........ <br />14 <br />IV <br />CONTRIBUTIONS... <br />... ........... ........... <br />15 <br />4.1 <br />Imposition of Major Thoroughfare and <br />Bridge Construction Fee by Members...... <br />15 <br />4.2 <br />Annual Review of Fees ................... <br />16 <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 <br />BRIDGE FEE AGENCIES.. ....... <br />18 <br />5.1 <br />......... <br />Joint Action with Other Agencies........ <br />18 <br />5.2 <br />Communications Between Corridor <br />Agencies... ..... .. .. .......... <br />18 <br />5.3 <br />Lending and Borrowing of Funds <br />Between Agencies ........................ <br />19 <br />(i) <br />■ <br />