Section 112. Acquisition of a common supply

A common supply of water may
  be acquired and developed (including acquisition or construction of  all
  facilities  necessary  for  distribution of water in bulk) by all of the
  contracting municipalities acting jointly or by the individual action of
  one of the contracting municipalities, acting for all of the contracting
  municipalities, as such municipalities may provide in the contract,  or,
  pursuant  to  contract  therewith, by a public authority which possesses
  express reciprocal powers of contract. Regardless of the  method  agreed
  upon,  title  to  all  real or personal property acquired or constructed
  shall  be  held  jointly  in  the  names  of  all  of  the   contracting
  municipalities  subject  to  such  provisions  for  disposition  as  the
  contract between such municipalities may contain.
    Rider I. Such water authority shall be deemed the agent of the  county
  or  counties  which  are  a  party  or parties to such contract. If such
  contract shall authorize the water authority  to  purchase  supplies  or
  equipment  or to construct public works, such authority shall be subject
  to all provisions of law to which a county would be subject in  relation
  to  advertising  and awarding any such contracts for supplies, equipment
  or public works.