A. The governing authority of any parish is authorized and empowered, upon its own initiative, to form and create a veterans' memorial district within the parish. However, an incorporated municipality shall only be included within the territory of a veterans' memorial district upon the concurrence by resolution of the governing authority of the municipality in its inclusion and in the boundaries of the district. The parish governing authority is further authorized to alter the boundaries of any veterans' memorial district; however, no such boundary change shall cause an impairment of the obligations of the veterans' memorial district.
B. Upon failure or refusal of a parish governing authority to create a veterans' memorial district and upon presentation of a petition signed by not less than eight percent of the registered voters of the parish, the parish governing authority shall call an election to determine if a veterans' memorial district should be created. If a majority of the vote cast is in favor of such creation, the parish governing authority shall create such a district.