7 Paige Ch. 607 | New York Court of Chancery | 1839
I think the injuction master was-right in approving of the appeal bond, although but one of the sureties justified in double the amount of the penalty of the appeal bond. The statute requires a bond in double the amount of the debt and costs decreed, in addition to the $250 as security for the costs on the appeal, in order to make the appeal a stay of proceedings; and the appellants must give two or more sureties who can justify in double the penalty of the bond. But where the penalty of the bond is very large, as in this case, I think it is a proper exercise of discretion, in the approving officer, to receive more than two persons as sureties; provided the amounts in which they can severally justify are equal in the aggregate to two sureties who are each worth double the penalty. This appears to be the practice in England in relation to special bail, where the sum is large, (Forrest’s Rep. 138; Wightwick,
The bond in this case, as now amended, and the justification of the sureties, is therefore sufficient and regular; and if it had been perfected before the issuing and levy of the execution, it would have operated as a stay of proceedings; and would have superseded the execution, as a matter of course, without any application to this court for the purpose. In analogy to the proceedings upon a writ of error, where security is given after the levy of an execution and before it is fully executed, (2 R. S. 596, § 29,30,) I am also inclined to think the appellants are, as a matter of right, entitled to an order, to stay the further execution of the process, which had been previously issued, to enforce the performance of the decree of this court in the present case. At least it is a case in which the court, in the exercise of its discretion, may direct the proceedings upon the execution to be stayed, until the decision of the court for the correction of errors upon the appeal. The execution, however, ought not to be set aside, so as to discharge the lien thereof upon the goods of the appellants which have been levied on by the sheriff, except upon the terms of paying the fees of the sheriff upon the execution.
An order must, therefore, be entered to stay all further proceedings on the execution until the further order of this court; and as the respondents have now ample security for their debt and costs if the decree appealed from shall be af