Section 19-1900. Proposition for dissolution

1. The board of trustees of
  any village may, and upon a petition of  the  electors  of  the  village
  shall,  adopt  a  plan  for  dissolution  and  a resolution submitting a
  proposition for the dissolution of the village in  accordance  with  the
  permissive  referendum  article, except that in determining the date for
  submission of the proposition pursuant to section 9-912 of this chapter,
  the date of the public hearing under this article shall be used and  not
  the  date  that  the  question  is  presented.  A petition to dissolve a
  village shall be sufficient if signed  and  acknowledged  or  proved  by
  qualified  electors  of  such  village,  in  number  equal  to  at least
  one-third of the total number  of  resident  electors  residing  in  the
  village,  qualified  to  vote  at  the  last  general village or special
  village election immediately preceding the submission of the proposition
  in question, and who signed the petition not earlier  than  one  hundred
  twenty days prior to filing thereof.
    2.  If  such proposition be defeated no other proposition for the same
  purpose shall be  submitted  within  two  years  of  the  date  of  such
  referendum.
    3.  If  such  proposition  is  approved by a majority of the qualified
  electors voting thereon, a certificate of such election shall  be  filed
  with  the secretary of state and with the clerks of each town and county
  in which any part of the village is situated and the  village  shall  be
  dissolved  as  of the thirty-first day of December in the year following
  the year of such election.
    * NB Repealed March 21, 2010