Article 461

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.

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:

the property to be sold and the estimated value thereof;

any encumbrance to which the property is liable;

the amount for the recovery of which the sale is ordered;

the terms, and conditions of the sale and manner in which and time within which the purchase price shall be paid; and

every other thing which the court considers material for a purchaser to know in order to judge of the nature and value of the property.