Fixing amount of new bond after release from original
Whenever a notice is filed, or filed and served, as provided in ORS 742.358 (Release of surety on official bonds by action of obligee), 742.360 (Release of surety on bond of public official by action of surety) and 742.362 (Release of surety on depository bond), or received after mailed as provided in ORS 742.366 (Cancellation of bond by surety), the proper authority shall prescribe the penalty or amount in which a new or additional bond or undertaking shall be filed. If no such order is made the new or additional bond or undertaking shall be executed for the same amount as the original. [Formerly 747.170 and then 743.753]
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