Sec. 4. If bids are invited from exhibitors for the licensing of a motion picture, the invitation to bid shall specify:
(1) whether the run for which the bid is invited is a first, second, or subsequent run; (2) whether the run is an exclusive or nonexclusive run; (3) the geographic area for the run; (4) the date and hour the invitation to bid expires; and (5) the time and date when, and the location of the office serving the territory where, the bids will be opened. As added by Acts 1980, P.L.161, SEC.1.