(a) Every person taking up an animal as a stray shall, at the time of the appraisement, enter into bond to the State of Arkansas, with sufficient security to be approved by the justice of the peace who appoints the appraisers, in the value of the animal. The bond shall be conditioned that, if the owner of the animal within one (1) year from the date shall appear and prove his or her property in the animal so taken up, then the taker-up will deliver the animal or, if the owner should fail to prove his or her property therein within one (1) year, conditioned that he or she, the obligor, will pay into the county treasury one-half (½) of the appraised value, deducting all legal expenses of the animal, stating the amount of the appraisement.
(b) If the animal is a hog, the conditions of the bond shall be that if the owner of the animal, within three (3) months from the date, shall appear and prove his or her property in the animal so taken up then he or she will deliver the animal or that if the owner should fail to prove his or her property therein within three (3) months, then he or she, the obligor, will pay into the county treasury one-half (½) of the appraised value, deducting all legal expenses of the animal.