Section 72-I. Acquisition of lands and erection of memorial buildings by adjoining villages

The governing boards of two  or  more  villages,  of  which  at  least one boundary of any one adjoins that of any other, may,
  upon the adoption of a proposition therefor by a majority  vote  of  the
  electors of each such village, as herein provided, jointly acquire lands
  and  erect  a  memorial  building,  or  lands with buildings thereon and
  remodel such buildings as a memorial building or  remove  such  building
  and  erect  a memorial building, in commemoration of the services of the
  members of the armed forces of the United States in any of the  wars  of
  the  United States.   Unless otherwise provided in the proposition voted
  upon or unless otherwise agreed upon by the  governing  boards  of  each
  participating  village,  the  share  of  each  such  village in the cost
  thereof shall be in the same proportion as the ratio of  its  population
  to the other participating village or villages. Money to be borrowed for
  payment of the cost thereof shall be borrowed pursuant to the provisions
  of  the  local  finance  law  and  each  village shall be subject to the
  limitations therein contained.