(1) Each educational cooperative will be governed by a board of directors consisting of one (1) representative appointed by the board of directors of each cooperating school district.
(2) The board of directors shall be empowered to hire a director and other employees and to contract for services, supplies, and equipment.
(3) Policies for the operation of the educational cooperative will be developed by the board of directors and be filed with the Division of Elementary and Secondary Education as required by law of school districts generally.