§ 54-8. Acceptance of cash or property in lieu of surety bond.

The judge of the municipal court may, in his discretion, accept cash or real or personal property as surety for the happening of an event or act concerning matters before the municipal court. The property or cash shall be deposited with the appropriate person, official or other depository as prescribed by ordinance, in an amount or equivalent cash value to be determined by the judge. If property offered and accepted for the security is realty, or immovable or cumbersome personal property, the municipal court may exercise its authority and control over such property by posting written notice to all persons in or on such property that it is in the custody of the court.

(Code 1982, § 2-3-8)