Section 36-5-1.1-2 - Institution of proceedings(a) Proceedings to dissolve a town may be instituted under section 10.5 or 10.6 of this chapter or by filing with the executive of the county containing more than fifty percent (50%) in assessed valuation of the land in the town: (1) a resolution adopted by the town legislative body requesting dissolution; or(2) a petition signed by at least twenty-five percent (25%) of the town's voters registered at the last general election.(b) On receipt of a petition or resolution for dissolution, the county executive shall mark the petition or resolution with the date of filing.As added by P.L. 342-1987, SEC.2. Amended by P.L. 5-1989, SEC.110; P.L. 4-1991, SEC.143.