7-8-2606. Bond to insure performance of agreement.
7-8-2606. Bond to insure performance of agreement. As a guarantee for the faithful performance of the agreement, the purchaser shall be required to furnish a bond, with sufficient securities, to the county in an amount equal to at least 20% of the estimated value of the timber sold.
History: En. Sec. 3, Ch. 70, L. 1945; R.C.M. 1947, 28-503(part).