1. The supervisors shall, on the petition of twenty-five percent of the property owners of a proposed district if the assessed valuation of the property owned by the petitioners represents at least twenty-five percent of the total assessed value of the proposed district, hold a public hearing concerning the establishment of a proposed district. The petition shall include a statement containing the following information:
a. The need for the district.
b. A description of the district to be served.
c. The approximate number of families in the district.
2. The board of supervisors may require a bond of the petitioners conditioned for the payment of all costs and expenses incurred in the proceedings in case the district is not established.
88 Acts, ch 1194, § 3; 89 Acts, ch 53, § 1
Referred to in § 357E.4, 357E.5
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