(a) When resolutions proposing creation of a regional wastewater collection and treatment district are passed by the councils or other governing bodies of two (2) or more municipalities, a petition to establish a regional wastewater collection and treatment district may be submitted to the circuit court of a county which contains a significant portion of the proposed district.
(b) The petition shall contain a duly executed resolution from each entity authorizing each entity to be included in the district, provided that, in any unincorporated area, fifty-one percent (51%) of property owners by number shall approve by petition before being included in the district. The petition shall also contain:
(1) An accurate description and a map of the area to be served initially;
(2) A brief statement showing the need for formation of the district and describing the benefits to be received by residents or property owners in the area;
(3) The proposed name of the district;
(4) The proposed location of the principal office of the district; and
(5) A bold heading stating that a signature on the petition is a vote to create the district.