Whenever any bond, undertaking,
recognizance or other obligation is by law, or by the charger (charter),
ordinances, rules or regulations of any municipality, board, body,
organization, court, judge or public officer, required or permitted to be
made, given, tendered or filed with surety or sureties, and whenever the
performance of any act, duty or obligation, or the refraining from any act is
required or permitted to be guaranteed, such bond, undertaking, obligation,
recognizance or guaranty may be executed by a surety insurer qualified as in
this code provided. Execution by such insurer of such bond, undertaking,
obligation, recognizance or guaranty shall be in all respects a full and
complete compliance with every requirement of every law, charter, ordinance,
rule or regulation that such bond, undertaking, obligation, recognizance or
guaranty shall be executed by one surety or by one or more sureties, or that
such sureties shall be residents or householders, or freeholders, or either or
both, or possess any other qualifications. All courts, judges, heads of
departments, boards, bodies, municipalities and public officers of every
character shall accept and treat such bond, undertaking, obligation,
recognizance or guaranty, when so executed by such insurer, as conforming to,
and fully and completely complying with every such requirement of every such
law, charter, ordinance, rule or regulation. |
