Section 2201 - Supervisory districts1. All supervisory districts in existence on the date this section, as hereby amended, takes effect, are hereby continued and may be altered or dissolved as provided in subdivisions two and three of this section.2. Whenever a vacancy hereafter occurs in the office of district superintendent of schools in any supervisory district or whenever the commissioner receives a letter of resignation from a district superintendent, the commissioner shall survey the field in the county where the vacancy occurred, and if it shall find that the continuance of the number of supervisory districts then existing is no longer necessary to serve adequately the educational interests of the county he or she shall be authorized to conduct a study to examine the possible reorganization of such supervisory district if no such study has been conducted within five years.3. The commissioner is authorized when in his judgment such action will promote the educational interests of the area to study the transfer of one or more school districts in another adjoining supervisory district, to such supervisory district.4. The commissioner shall complete such study no later than four months after the date such vacancy occurred in the office of district superintendent. The findings of such study shall be presented to the boards of trustees and boards of education by the regent representing such boards at a public meeting held no later than thirty days after the completion of such study, for the purpose of eliciting public comment on the proposed reorganization plan, a copy of such plan shall be provided to the governor, the temporary president of the senate and the speaker of the assembly. The commissioner shall cause notice of such meeting to be posted at least ten days before each such meeting in ten conspicuous places in the school district. In addition to the posting of such notice, a copy thereof shall be duly published, at least three days before such meeting, in a daily or weekly newspaper published within, or in general circulation in, the supervisory district in which the meeting is to be held. The expense of posting and publishing such notice shall be a charge upon the component districts contained within such supervisory district.5. The commissioner shall be authorized to reorganize any supervisory district, upon completion of the requirements herein, when in his judgement such action will promote the educational interests of such supervisory districts affected.6. Such changes in supervisory districts shall conform to the following requirements: a. No school district shall be divided between supervisory districts.b. The territory of supervisory districts shall remain contiguous and compact.c. Towns shall remain arranged in supervisory districts so that there shall be as equal a division of the territory and number of school districts as may be practicable.