11. If such petition be presented by electors, they shall accompany the same by an affidavit of a credible ratepayer whose name appears upon the valuation roll as proprietor of immoveable property of at least $5 000 in value in cities, and of at least $1 000 in other municipalities, declaring that he has reason to believe that the allegations of the petition are true. The electors must, at the same time, deposit, with their petition, as security for costs, the sum of $200.
To determine the value of immoveable property, for the purposes of this section, the value entered on the assessment roll of the municipality is multiplied by the factor established for that roll by the Minister of Municipal Affairs under the Act respecting municipal taxation (chapter F-2.1).
R. S. 1964, c. 173, s. 11; 1968, c. 51, s. 2; 1979, c. 72, s. 334.