The sheriff, after seizing the property, shall retain possession of it until the termination of the action, unless bond and security are given in a penalty as prescribed by statute, payable to the plaintiff or complainant conditioned to abide by and perform the judgment of the court.
Code 1858, § 3555 (deriv. Acts 1833, ch. 35, § 3); Shan., § 5318; mod. Code 1932, § 7966; T.C.A. (orig. ed.), § 64-1909.