1. In the event that any proposition for the incurring of indebtedness fails of adoption in the election provided in section 249.070 or provided in section 249.136, then, at any time not less than six months thereafter, and subsequently at intervals of not less than six months, upon a resolution of the board of trustees of such district providing therefor, the proposition of incurring such indebtedness may be again submitted to the voters of such district at an election to be called and held and the results thereof declared by the board of trustees as provided in section 249.136.

2. If at the election called by the circuit court pursuant to section 249.070 hereof, a proposition for the incurrence of an indebtedness by the district shall have been submitted and shall have failed of adoption and further if substantially the same proposition shall have been again submitted at an election called pursuant to this section and shall have again failed, the circuit court of the county in which such district was organized shall have the power, upon motion of the board of trustees of such district therefor or upon petition therefor signed by twenty-five or more persons residing within such district and owning property therein which would be liable for taxes for sewers constructed therein, to enter a decree declaring such district to be disincorporated. A certified copy of such decree shall be filed in the office of the recorder of deeds of such county and with the secretary of state.