Section 12
SEC. 12. Discharge of Order of Arrest: Counterbond—At any time after an order of arrest has been granted, the party whose vessel or vessels had been arrested, or the person appearing in his behalf, may, upon reasonable notice to the applicant, apply to the judge who granted the order, or to the judge of the court in which the action is pending, for an order discharging the order of arrest. That judge shall order the discharge of the arrest if a cash deposit is made, or counterbond executed to the creditor is filed, on behalf of the adverse party, with the clerk or judge of the court the application is made in an amount double the value of the claim to secure the payment of any judgment that the creditor may recover in the action. Upon the filing or such counterbond, copy thereof shall forthwith be served on the creditor of his lawyer. Upon discharge of the order of arrest, the property arrested or seized shall be delivered to the party making the deposit or giving the counterbond, or the person appearing in his behalf, the deposit or counterbond aforesaid standing in place of the vessel or vessels released. Should such deposit or counterbond for any reason be found to be, or become insufficient, and the party furnishing the same fails to file an additional co counterbond, the attaching creditor may apply for a new order of arrest or seizure.