Section 32-11-547 - Contents of sale notice(1) The notice shall:(a) Specify a place and designate a day and the hour thereof subsequent to the date of the last publication when sealed bids for the purchase of the securities shall be received and opened publicly;(b) Specify the maximum rate of interest which the securities shall bear;(c) Require each bidder to submit a bid specifying the lowest rate or rates of interest and premium, if any, at which the bidder will purchase the securities, at or above par, or, if so permitted by the board, below par at a discount not exceeding the maximum discount fixed by the board.L. 69: p. 776, § 89. C.R.S. 1963: § 89-21-89.