The attachment by endorser or surety shall be discharged, if the principal will give bond and security, to be approved by the court, in term time, or its clerk in vacation, to indemnify the plaintiff.
Code 1858, § 3459 (deriv. Acts 1835-1836, ch. 43, § 8); Shan., § 5216; Code 1932, § 9403; T.C.A. (orig. ed.), § 23-605.