40. Any territory, in order to be erected into a village municipality, must contain at least 40 inhabited houses within a space of 60 superficial arpents, and the taxable immovable property in such territory must have a value, according to the valuation roll in force, of at least $50 000.
Nevertheless, in the case of a territory not already forming part of a city, town, village or parish municipality, and situated within 3 miles of the National Transcontinental Railway, it is sufficient for the application to be signed by at least 25 proprietors of immovable property in such territory.
M.C. 1916, a. 37; 1922 (1st sess.), c. 80, s. 5.