(1) At least twenty per cent of the residents of such territory qualified to vote for town officers in a town in which all or part of such territory is located.

(2) The owners of more than fifty percent in assessed valuation of the real property in such territory assessed upon the last completed assessment roll of the town in which such territory is located. However, if such territory is located in more than one town it shall be required in computing such percentage to equalize the assessed valuations for each town; furthermore, in such case, the petition must be signed by the owners of more than fifty percent in full valuation of the real property in each part of each town in such territory and computed separately for each such part, and assessed upon the last completed assessment rolls of the towns in which any part of such territory is located. Full valuation shall be determined by applying the appropriate equalization rate to such assessed valuations. If real property in such territory is owned by tenants in common, joint tenants or tenants by the entirety, each such tenant, as a signer of such petition shall, for the purpose of ascertaining the percentage of the assessed valuation upon which the petition is based, be considered as the owner of an interest in such real property equal to the result reached by dividing the assessed valuation by the number of owners thereof and shall be credited to that extent with part of the total assessed valuation thereof. In the event such real property is part of a parcel of land partially situated within such territory, the town assessor or assessors shall, for the purposes of this section make an apportionment of the assessed value of such part as is in such territory. In such a case, only the apportioned value attributed to such part shall be considered. b. Contents of petition. The petition shall contain the following information:

(1) An allegation of the basis on which the petition is signed.

(2) The name of the proposed village.

(3) An allegation that such territory contains a population of at least five hundred regular inhabitants.

(4) The manner in which the area requirements of section 2-200 of this article are satisfied.

(5) A designation of at least one but no more than three persons, giving full names and addresses, on whom and at which addresses all papers required to be served in connection with the proceeding for incorporation, shall be served. A majority of such designees must reside in such territory.

(6) Each page of the petition and all exhibits and certifications shall be securely fastened together. c. Exhibits and certifications. Each copy of the petition shall have attached thereto prior to the signature pages:

(1) A description of such territory sufficient to identify the location and extent of such territory with common certainty and which shall be in one of the following forms or a combination thereof: (a) a metes and bounds description; (b) a description made with reference to existing streets and navigable waters or a combination of same; or (c) a map showing existing streets and navigable waters or a combination of same forming boundaries or metes and bounds or the entire boundaries of one or more districts of an entire town.

(2) A list of the names and address of the regular inhabitants of such territory. d. If the petition is alleged to be signed by the owners of more than fifty per cent in assessed or full valuation, as the case may be, of the real property in such territory, there shall be attached to the petition following the signatures of the petitioners an affidavit or affidavits certifying as follows:

(1) If such territory is located entirely in one town, a certification by an assessor thereof certifying to the total assessed valuation of such territory and the correct total amount thereof owned by the signers of the petition, or

(2) If such territory is located in more than one town, separate certifications by an assessor of each town certifying to the total full valuation of that portion of such territory located in such town and the correct total amount of full valuation of real property in such territory and town owned by the signers of the petition, as specified in subparagraph two of paragraph a of subdivision one of this section. e. Execution of petition. (1) The signatures to a petition shall be subscribed on a separate page or pages following the exhibits.

(2) Prefatory statement. Each signature page shall be prefaced by a statement of the basis on which the petition is signed and of the petitioners' familiarity with the contents and purpose thereof and the boundaries of the territory sought to be incorporated.

(3) Additional information. Following each signature there shall be set forth, not necessarily by the signer, the signer's address consisting of street name and number, if any, and town; and, if the petition is based on the ownership of more than fifty per cent in assessed or full valuation, as the case may be, of the real property located in such territory, the amount of assessed valuation of real property owned by the signer as credited to him in accordance with subparagraph two of paragraph a of subdivision one of this section.

(4) Authentication. There shall be set forth at the bottom of each page of signatures an authenticating affidavit of a witness to the signing thereof which shall be in substantially the following form: STATE OF NEW YORK COUNTY OF ss.: ...................................................... being duly sworn, (name of witness) says: I reside at ..................................................... in the

(number) subscribed the same in my presence. ...................................

(day)

(month)

(year) ...............................

(2) Deposit. At the time of filing of the petition there shall be deposited with each supervisor with whom the original or a copy of the original is filed, the sum of six thousand dollars to pay the cost of posting, publishing and serving required notices, stenographic services and services of inspectors of election in the event incorporation is not effected.