Any 2 or more school districts, whether contiguous or noncontiguous, may form an agency by the execution of an intergovernmental agreement authorized by resolution adopted by the governing body of each school district. The intergovernmental agreement shall state or may state, as applicable, the following: (1) the name of the agency and the date of its establishment, which may be by reference to a date or the dates of the resolutions adopted by the governing bodies, and the duration of its existence, which may be perpetual; (2) the names of the school districts that have adopted the intergovernmental agreement and constitute the initial members; (3) the names and addresses of the persons initially appointed in the resolutions adopting the intergovernmental agreement to serve as initial directors on the board and provision for the organizational meeting of the agency; (4) provision for the terms of office of the directors and for alternate directors, if so provided, but such directors and alternate directors shall always be selected and vacancies in their offices declared and filled by resolutions adopted by the governing body of the respective school districts; (5) if so provided, provision for weighted voting among the school districts or by the directors; (6) the location by city, village, or incorporated town in the State of Illinois of the principal office of the agency; (7) provision for amendment of the intergovernmental agreement; (8) if provided, initial funding for the agency, which may include binding agreements of the school districts to provide money or to issue school district bonds for the benefit of the agency; (9) provisions for the disposition, division, or distribution of obligations, property, and assets of the agency upon dissolution; and (10) any other provisions for regulating the business of the agency or the conduct of its affairs consistent with this Act. establishment, which may be by reference to a date or the dates of the resolutions adopted by the governing bodies, and the duration of its existence, which may be perpetual; adopted the intergovernmental agreement and constitute the initial members; appointed in the resolutions adopting the intergovernmental agreement to serve as initial directors on the board and provision for the organizational meeting of the agency; directors and for alternate directors, if so provided, but such directors and alternate directors shall always be selected and vacancies in their offices declared and filled by resolutions adopted by the governing body of the respective school districts; among the school districts or by the directors; town in the State of Illinois of the principal office of the agency; agreement; which may include binding agreements of the school districts to provide money or to issue school district bonds for the benefit of the agency; distribution of obligations, property, and assets of the agency upon dissolution; and of the agency or the conduct of its affairs consistent with this Act.
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