(1) Subject to subsection (2), a township board may by resolution adopted by 2/3 of the members elected to and serving on the township board change the name of the township. The resolution must include the new name of the township.

    (2) A resolution adopted under subsection (1) does not take effect unless the resolution is approved by a majority of the electors of the township voting on the question at an election to be held on the next August regular election date or November regular election date, whichever occurs first, that is not less than 60 days after the date the resolution is adopted.

    (3) If a majority of the electors of the township voting on the question approve the resolution, the name of that township is authorized to be changed by the township to the new name in the resolution.

    (4) A township does not have the authority to change its name more than once every 25 years.