CHAPTER 68

AN ACT to amend and reenact § 58-371.2 of the Code of 1950
authorizing certain counties to require a license of profes-

sional bondsmen so as to extend the application thereof.
[8 21]

Approved February 28, 1950
Be it enacted by the General Assembly of Virginia:
l. That § 58-371.2 of the Code of 1950 be amended and reenacted
is follows:
§ 58-371.2. Bondsmen.—The governing body of any county
which has adopted the county manager form of organization and
government, provided in §§ 15-305 to 15-336 and the governing
body of any county adjoining a county having a population of
more than one thousand per square mile, may by ordinance require
that every person who shall, for compensation, enter into any bond
or bonds for others, whether as a principal or surety, shall obtain
a revenue license the amount of which shall be prescribed in such
ordinance; and no such professional bondsman shall enter into any
such bond or bonds in any such county until he shall have ob-
tained such license. No such license shall be issued by the authori-
ties of any such county for any year unless and until the applicant
shall have first obtained a certificate from the judge of the circuit
court that he is a person of good moral character and entitled
to be so licensed. A license granted to a professional bondsman
in any such county shall authorize such person to enter into such
bonds in such county.

No professional bondsman shall enter into any such bond if
the aggregate of the penalty of such bond and all other bonds on
which he has not been released from liability is in excess of the
appraised value of his real estate in his county or city as de-
termined by the judge of the circuit court of the county in which
he is licensed. Each professional bondsman licensed hereunder
shall file with the clerk of the circuit court of the county in which
he is licensed not later than the fifth day of each month a list of
all outstanding bonds on which he was obligated as of the last day
of the preceding month, together with the amount of the penalty
of each such bond.

Any ordinance enacted pursuant to the provisions of this sec-
tion may provide for revocation of licenses for failure to comply
with the terms of such ordinance and may in addition prescribe
penalties for violations thereof.

Nothing in this section shall ‘be construed to apply to
guaranty, indemnity, fidelity and security companies doing busi.
ness in Virginia under the provisions of § 38-331.