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financed by the area proposed to be annexed, and the supplemental services and <br /> improvements to be provided and financed in common by both; <br /> (4) Specify the proposed new special assessment which will be levied within the area <br /> proposed to be annexed; and <br /> (5) Specify any proposed change to the special assessment within the existing district as a <br /> result of the proposed annexation. <br /> (b) The assessment rate in the existing district shall not be increased as a result of annexation <br /> proceedings pursuant to this article. <br /> Section _-40. Notice of hearing on proposed ordinance of annexation. <br /> (a) The council shall fix the time and place for a hearing on the proposed ordinance of annexation. <br /> The date of the hearing shall not be less than thirty or more than ninety days from the date of <br /> introduction of [he proposed ordinance. <br /> (b) The county clerk shall publish notice of the hearing in the same manner as required under section <br /> - I Z for notice of a hearing to owners of land within a proposed district. In addition, the <br /> county clerk shall mail the notice to each owner of land assessed or proposed to be assessed in the <br /> existing district and area proposed to be annexed. The notice shall be mailed at least fifteen days <br /> before the hearing in the manner described in section -12. <br /> (c) The notice shall contain all of the following information: <br /> (I) A summary of the proposed ordinance and a statement that the proposed ordinance is on <br /> the in the county clerk's office for public inspection (alternatively, the notice may contain <br /> the full test of the proposed ordinance); <br /> (2) The time and place of the hearing; <br /> (3) A statement that, at the hearing, the testimony of all interested persons and landowners <br /> for or against the proposed annexation will be heard; and <br /> (4) A summary of the protest procedure and the form of any protests, including the rights of <br /> an owner of land and the effect of protests made against the proposed annexation. <br /> Section -41. Protests against proposed ordinance of annexation. <br /> Protests against the proposed ordinance of annexation may be made in writing by landowners of <br /> land in the existing district or by landowners of land in the area proposed to be annexed and, if made, <br /> shall be in such form as may be prescribed by the county clerk. All written protests shall be filed with the <br /> county clerk before or at the hearing. The council may waive any irregularities in the form or content of <br /> any written protest. Written protests may be withdrawn in writing by the owner who protested at any <br /> <br /> time before the conclusion of the hearing. <br /> Section -42. Protest by a majority or more. <br /> <br /> (a) If either: <br /> (1) The landowners owning lands which are assessed in the existing district that have a real <br /> property tax assessed value of fifty percent plus one of the total real property tax assessed <br /> value of land specially assessed in the existing district, or <br /> (2) The landowners owning lands which are proposed to be annexed and assessed that have a <br /> real property tax assessed value of fifty percent plus one of the total real property tax <br /> assessed value of land proposed to be annexed and assessed, or <br /> (3) More than fifty percent of the owners of lands which are specially assessed in the existing <br /> district, or <br /> (4) More than fifty percent of the owners of land which are proposed to be annexed and <br /> assessed, file written protests with the council before or at the public hearing against the <br /> proposed annexation and if protests are not withdrawn so as to reduce the amount of the <br /> protests to fifty percent or less, the annexation proceedings shall cease. <br /> Section -13(c) and (d) shall apply to protests under this section. <br /> 13 <br /> <br />