The election shall be conducted in accordance with applicable election laws. A separate ballot shall be prepared for submitting the question of whether or not the city shall become an incorporated town. The ballot shall be in substantially the following form:
Shall the City of _________ become an incorporated town and be known as the Town of ________?
( ) Yes.
( ) No.
Laws 1977, c. 256, § 5-103, eff. July 1, 1978.