The notice of sale shall require all bidders to deposit a certified or cashier’s check for 2% of the amount of bonds proposed to be sold, to secure the district from any loss resulting from the failure of the bidder to comply with the terms of his or her bid.

9 Del. C. 1953, § ?4640; 56 Del. Laws, c. 103, § ?13; 70 Del. Laws, c. 186, § ?1;