Article 423 — Proclamation of sales by public auction

(I) Where any property is ordered to be sold by public auction in execution of a decree, the court shall cause a proclamation of the intended sale to be made. {2) Such proclamation shall be drawn up after notice to the decree- holder and the jUdgment-debtor and shall state the time and place of sale, and specify as fairly and accurately as possible: (a) the property to be sold and the estimated value thereof; (b) any incumbrance to which the property is liable; (~) thr amount for the recovery of which the sale is ordered; CIVIL PROCEDURE CODE 141 (d) the terms and conditions of the sale and manner in which and time within which the purchase price shall be paid; and (e) every other thing which the court considers material for a purchaser to know in order to judge of tht; nature and value of the property. (3) The proclamation shall also draw attention to the provisions of Arts. 440-442 of this Code.