Either is fine. There are many ways to lay out the script. I suck so much that it is generally acknowledged by all and sundry. I suck, Brutus. I suck so much that it is generally acknowledged by all and sundry.
Any reasonable method is fine.
We prefer the second method, as it results in fewer pages. We will be making copies of the script you submit. Any binding you provide will just be ripped off so we can use the auto-feeder on the copy machines. Either staple your play, or use a clip if it is too thick for staples. Make a PostScript or PDF file containing your play available in your Public directory on Athena.