Upon the filing of a petition with the board of directors of any irrigation district as provided in section 43-203[, Idaho Code,] the board of directors of such district shall set a date for hearing the said petition, not less than two (2) weeks and not more than sixty (60) days after the first regular monthly meeting following the filing of such petition, and if the petition does comply with the requirements of section 43-203[, Idaho Code,] then the directors shall immediately thereafter order an election upon the question, and proceed according to the laws governing elections within irrigation districts for the submission of questions of creating indebtedness.