(1) The governing body of the municipality shall adopt a resolution, which shall state in substance:
(A) That the supervisory body has approved the proposed disposition;
(B) A full description of the property to be disposed of;
(C) The purchaser or purchasers of the property;
(D) The purchase price;
(E) The terms or conditions of sale if such disposition is not for cash, payable in full at the time of such disposition;
(F) The date on which such election will be held;
(G) The place or places where votes may be cast; and
(H) The hours between which such voting places may be open; and
(2) At such election the ballot shall contain the words “For the disposition of the electric plant” and “Against the disposition of the electric plant.”
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