Section 5
SEC. 5. When a bonded position is created and appointment. made thereto, or a bond required in a position heretofore existing, or appointment made of a successor to a bonded official or employee discharged or otherwise relieved, the chief of the Bureau or Office to which the position pertains shall at once forward to the Treasurer of the Philippine Islands a statement setting forth the designation of the position; the amount of bond required of the incumbent as fixed by competent authority, or, if not previously so fixed, the amount of bond recommended, stating the financial or property responsibility pertaining to the position and the maximum amount of funds and value of property likely to be in the hands of the incumbent at any time: the salary attached thereto; the name of the appointee and the date of his assuming accountability for funds or property; the date of relief from further accountability of the predecessor in the position, if any; and such further information in the premises as may be required by the Insular Treasurer. Upon receipt of the report above required the Treasurer shall promptly advise the surety company of bond desired and date of termination of liability on bond of official relieved, if any and shall advise the chief of Bureau or Office in interest of action taken, and through such chief shall furnish the appointee with the required blank form of application for fidelity bond, to be completed by him and promptly returned to the Treasurer for submission to the surety company. Unless and until notified to the contrary, the obligation of the surety as originally requested shall be in full force and effect from the date requested.