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TABLE OF CONTENTS <br />Page <br />RECITALS ............. ............................... 1 <br />IDEFINITIONS ... ............................... 4 <br />IIPURPOSE AND POWERS ........................... 6 <br />2.1 Agency Created.. . 6 <br />2.2 Purpose of the Agreement; Common <br />Powers to be Exercised .................. 6 <br />2.3 Powers ... ............................... 7 <br />III ORGANIZATION . ................ <br />3.1 <br />... <br />Membership .............................. <br />8 <br />3.2 <br />Names.. . <br />8 <br />3.3 <br />........................ <br />Board of Directors <br />9 <br />3.4 <br />...................... <br />Principal Office ........................ <br />9 <br />11 <br />3.5 <br />Meetings ......................... <br />3.6 <br />.� <br />Quorum.. .. <br />�Limitations <br />11 <br />3.7 <br />... .. .... .... <br />Powers and �Thereon ...... .. <br />11 <br />11 <br />3.8 <br />Minutes ................................. <br />3.9 <br />............ <br />• <br />Rules.. ...... <br />12 <br />3.10 <br />.. <br />Vote or Assent • of Parties <br />12 <br />12 <br />3.11 <br />Officers . ..............................� <br />3.12 <br />Committees.. .... <br />12 <br />3.13 <br />..... .......... <br />....... .. <br />Additional Officers and Employees....... <br />13 <br />14 <br />3.14 <br />Bonding Requirement.. ... ........ <br />14 <br />3.15 <br />Status of Officers and Employees........ <br />14 <br />IV CONTRIBUTIONS... ....... .... .... •.. 15 <br />4.1 Imposition of Major Thoroughfare and <br />� <br />Bridge Construction Fee by Members...... 15 <br />4.2 Annual Review of Fees........... ... 16 <br />4.3 Payment... .... 16 <br />4.4 Compensation of Agency for <br />Acquisition of Rights -of- Way............ 17 <br />V RELATIONS WITH OTHER MAJOR THOROUGHFARE <br />AND BRIDGE FEE AGENCIES ...................... 18 <br />5.1 Joint Action with Other Agencies........ 18 <br />5.2 Communications Between Corridor <br />Agencies.. . .... .. .... 18 <br />5.3 Lending and Borrowing of Funds <br />Between Agencies ........................ 19 <br />(i) <br />