For the municipality to consider annexation of property into the municipality, a petition must be presented to the Mayor by either a majority of the inhabitants of the land to be annexed or by the owner or owners of the property to be annexed, as follows:
(A) Inhabitant's petition. The majority of the inhabitants of the area to be annexed who are qualified to vote must present a petition for annexation with an attached affidavit of any three of the inhabitants certifying to the vote. The petition must contain a description of the land to be annexed.
(B) Owner's petition. The owners of land contiguous and adjacent to the municipality desiring to be annexed must present a petition requesting annexation. The petition must contain an acknowledged description by metes and bounds of the land to be annexed. The land to be annexed by owner's petition must contain less than three qualified voters.