468.3. The agreement must include(1) a detailed description of its object;
(2) the mode of operation, determined in accordance with section 468.7;
(3) the mode of apportionment of the financial contributions among the municipal corporations that are parties to the agreement;
(4) an indication of the term of the agreement and, where such is the case, the terms and conditions of its renewal;
(5) where the agreement is contemplated in the second paragraph of section 468.5, a palliative measure for the case where actual consumption exceeds maximum capacity of consumption;
(6) the apportionment of the assets and liabilities relating to the implementation of the agreement, when the agreement is terminated.