Sec. 1. (a) Land occupiers of a district may file a petition with the board requesting either of the following:
(1) That the boundaries of the district be changed to encompass territory described in the petition.
(2) That the district cease to operate and be dissolved.
(b) A petition filed under this section must be signed by at least twenty-five (25) land occupiers whose tracts of land are located within the boundaries of the district referred to in the petition.