Section 172-F. Resolution and hearing for diminution of fire district boundaries

1. Irrespective of the manner of its original establishment,
  whenever a board of fire commissioners resolves, by a  two-thirds  vote,
  to  diminish  the  boundaries  of  such  fire district, so as to exclude
  territory previously situate within such  fire  district,  and  after  a
  public  hearing  thereon, held jointly by the fire district and the town
  in which such territory to be excluded is  situate,  the  boundaries  of
  such fire district may be altered in accordance with such resolution.
    2.   Such  resolution  of  proposed  diminution  shall  be  signed  by
  two-thirds of the members of the board of fire commissioners  and  shall
  be acknowledged or approved in the same manner as a deed to be recorded.
  The  members  of  the  board  of fire commissioners shall jointly hold a
  public hearing with  the  members  of  the  town  board  in  which  such
  territory is located and shall cause a notice thereof to be published at
  least  once  in  a newspaper having general circulation in the territory
  affected. The first publication thereof shall be not less than ten  days
  nor  more  than  twenty  days  before the day designated therein for the
  hearing. Such notice shall specify the time when and the place where the
  board of fire commissioners and the town board will  meet  to  hear  all
  persons  interested  in  the  subject,  and  shall specify the territory
  affected. Cost  of  publication  shall  be  borne  solely  by  the  fire
  district.  Such  notice  shall also specify the area to be included in a
  proposed fire protection district, which fire protection district  shall
  include the area of the fire district proposed to be excluded.
    3.  After a hearing held upon notice as hereinbefore provided and upon
  the evidence given thereat, the board of fire commissioners and the town
  board shall determine by resolution: (a) Whether all  the  property  and
  property  owners  within  the  area  proposed  to  be  excluded from the
  district and included in the  fire  protection  district  are  benefited
  thereby;
    (b)  Whether  all  the  property  and  property  owners  benefited are
  included within the limits of the proposed fire protection district;
    (c) Whether it is in the public interest to grant in whole or in  part
  the  diminution  of the district and the creation of the fire protection
  district by the town board.
    If the board of fire commissioners and the town board shall  determine
  that  it  is  in  the  public interest to diminish the fire district and
  create the fire protection district but shall  find  that  any  part  or
  portion  of  the property or property owners within the proposed area to
  be excluded from the fire district are not  benefited  thereby  or  that
  certain  property  or  property  owners  benefited thereby have not been
  included in the proposed fire protection district,  the  board  of  fire
  commissioners  and the town board shall specify the necessary changes of
  the boundaries of the area to be excluded from the fire district and the
  boundaries of the fire protection  district  in  order  that  only  such
  property  and property owners as are benefited, shall be included within
  such proposed excluded area and within the fire protection district, and
  the board of fire commissioners shall, together  with  the  town  board,
  call  a  further  hearing  at  a  definite  place and time not less than
  fifteen nor more than twenty-five days after such determination.  Notice
  of such further hearing shall be published in  the  manner  provided  in
  this  section  except  that such notice shall also specify the manner in
  which it is proposed to alter the boundaries of the area to be  excluded
  and the boundaries of the fire protection district. Such further hearing
  shall  be  conducted in the same manner as the original hearing. If, and
  when, the board of fire commissioners and the town board shall determine
  in the affirmative all of the questions set forth in  this  subdivision,
  the  board  of  fire  commissioners may adopt a resolution approving the

  diminution of  the  fire  district  and  the  town  board  may  adopt  a
  resolution  approving the establishment of the fire protection district,
  all as the boundaries shall be finally determined.