Preparation of initiative measures. The Legislative Counsel shall cooperate with the proponents of an initiative measure in its preparation when

(1) Requested in writing so to do by 50 or more electors proposing the measure; and

(2) In the judgment of the committee there is reasonable probability that the measure will be submitted to the electors of the state under the laws relating to the submission of initiative measures. [1953 c.492 §4]