(1) When a petition, describing a particular territory of a county and signed in person by not less than a majority of the voters living in that territory, is filed with the county judge/executive, asking for an election on the proposition of dividing the county or striking the described territory from the county and attaching it to an adjoining county, the county judge/executive, by order entered of record, shall call an election on that proposition to be held on the day of any regular election held in the county for other than county officers if the order is filed with the county clerk not later than the second Tuesday in August preceding the day of the regular election. No order calling such an election shall be legal unless it contains a specific description of the territory proposed to be stricken or divided.
(2) The county judge/executive, by order entered of record, shall direct the sheriff to advertise the election and its object by publication pursuant to KRS Chapter 424, and by printed handbills posted at the courthouse door and at not less than four (4) places in each precinct.
(3) The proposition shall not be adopted unless a majority of all the legal voters of the county voting on the question vote in favor of it.
(4) Any portion stricken off and added to another county as a result of the election shall be bound for all costs expended.