§ 119-g. Contracts. Two or more municipalities are hereby empowered to
enter into contracts to provide for common drainage facilities,
including joint acquisition, construction, operation and maintenance.
Such contracts shall provide for the method of acquisition or
construction of the common facilities; the management and operation of
the system; the method of fixing the proportionate share of each
participating municipality and of making contributions; the method of
making annual adjustments of the proportionate shares of the annual cost
and expense; the adoption of rules and regulations covering the
operation of the system; the adjudication of disputes and all other
matters necessary to effectuate such an arrangement.