The boards of the several districts shall determine the site of the proposed school and the amount to be expended for its establishment and equipment. The cost shall be apportioned upon the basis of the respective valuations of the taxable property in each district.
The board in the district in which the building is located shall be vested with the control and management of the school.
The annual operating costs shall be apportioned among the districts on the basis of the average daily attendance of pupils from each district.