A petition for the creation of a highway and street revenue bond authority may be submitted to the board of supervisors of the county in which the project or projects authorized by this chapter are to be developed. Such petition shall be signed by not less than twenty qualified electors residing within the county of the board to which the petition is submitted. Such petition shall include (1) a statement of the necessity for the service or services to be supplied by the proposed highway and street revenue bond authority, (2) the services to be provided by the authority, and (3) the limits of the facility to be constructed by the authority. Such petition shall be signed in person by the petitioners, with their respective residence addresses, and shall be accompanied by a sworn statement of the person or persons circulating the petition, who shall state under oath that he or they witnessed the signature of each petitioner, that each signature is the signature of the person it purports to be, and that, to the best of his or their knowledge, each petitioner was at the time of signing a resident of the county.
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