Chap. 419.—An ACT to amend the Tax Code of Virginia by adding thereto a new
section numbered 166-a, defining and providing for the regulation and licensi
of professional bondsmen i in certain counties. [H 2054

Approved April 1, 1948

Be it enacted by the General Assembly of Virginia: -

1. That the Tax Code of Virginia be amended by adding thereto a
new section numbered one hundred sixty-six-a as follows:

Section 166-a. Professional bondsmen.—The governing body of any
county which has adopted the county manager form of organization and
government, provided in sections twenty-seven hundred seventy-three-n
twenty-eight to twenty-seven hundred seventy-three-n fifty-three of the
Code of Virginia 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 obtained such license. No such license shall be issued by the
authorities 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

te of the penalty of such bond and all other bonds on which he
has not been released from liability is in excess of the assessed value of
his real estate as shown by the land books of his county or city. 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.

Nothing in this act shall be construed to apply to guaranty, indemnity,
fidelity and surety companies doing business in Virginia under the
provisions of chapter four hundred forty-nine of the Acts of Assembly
of nineteen hundred twenty-eight.