§ 45-57A-64 — Qualifications to Engage in Bail Bond Business for Release of Persons Held in Phenix City

(a) Each person, company, or corporation, making bonds and charging therefor, within the City of Phenix City, for the release of persons held by the city shall be required as a part of the qualification to do business to post a cash deposit with the City of Phenix City or to take out a certificate of deposit payable to the City of Phenix City, in the amount of any bonds made by any such person, company, or corporation.
(b)
The funds shall be held to guarantee the payment of all sums of money that
may
be
due
to
the
City
of
Phenix
City
by
virtue
of
any
judgment
absolute being rendered against the person, company, or corporation as surety on any bond or bonds.

Legislative History

(Act 81–427, p. 673, § 1.)