Sec. 34. The board of directors of a public transportation corporation may enter into agreements with any urban mass transportation system operating in territory contiguous to the taxing district of the corporation, for:
(1) the operation and maintenance of that system, including the use, sale, or lease of the real and personal property necessary for operation of the system; or
(2) the transfer of passengers between that system and the system owned by the corporation, with a special rate to be charged for those passengers.