HERBERT R. O'CONOR, GOVERNOR. 1233

ment. The form of said advertisement shall be prescribed in
the resolution or ordinance of the governing body of said pub-
lic body authorizing the issue of said bonds and the sale thereof
at public sale pursuant to the requirements of this section.
Said advertisement shall specify that all bids shall be made
in writing by sealed proposals accompanied by a good faith
deposit in such amount as the governing body may in its judg-
ment prescribe, and said advertisement shall give notice of the
date, place and hour at which proposals will be received and
opened and the bonds awarded. Said advertisement shall
give a brief description of said bonds by referring to the Act
of Assembly authorizing the same, the date of issue thereof,
the total aggregate par amount thereof, the schedule of ma-
turities thereof, the interest payable thereon or the method
of determining the same, the purpose to which the proceeds
thereof will be devoted, and the general form thereof, including
a statement whether said bonds will be in coupon or registered
form and whether the same will be registerable as to prin-
cipal or interest or both. Said public body may in said ad-
vertisement reserve unto itself the right to reject any or all
of the bids made pursuant to said advertisement and if all of
said bids are so rejected at the public sale of said bonds pur-
suant to the power so reserved then said public body may,
within thirty days of the rejection of all of said bids but not
thereafter, offer to sell or sell said bonds at private sale for
a price not less than the highest amount bid for said bonds
by an acceptable bidder at the public sale thereof, and if said
bonds are not sold either at said public sale or at private
sale within said thirty-day limitation, then they may not be
sold in any manner except upon a subsequent public sale duly
advertised in the manner herein specified.

33. Unless the enabling act authorizing any public body to
issue bonds shall specifically exempt said bonds from the pro-
visions of this section, or unless such enabling act shall pro-
vide a method of maturing the bonds therein authorized dif-
ferent from the method herein provided for, no public body
shall issue its bonds, pursuant to any such general or special
authority heretofore or hereafter granted, except upon a serial
maturity plan, the last of such series to mature within the
maximum period of maturity prescribed in the schedule of
maturities hereinafter set forth dependent upon the several
public purposes for which any such bonds may be issued. The
public body may, in its discretion, provide for the maturity of
said series in consecutive annual installments or at longer
intervals, and the amounts of each series may vary, but in no
event shall the final series mature after the maximum period
from the date of the issue of such bonds, as hereinafter limited,