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Any landowner, tenant, or encumbrancer who appeals from an order fixing the assessment of benefits shall execute bond, with security, for costs and damages, and the oath provided by law for poor persons shall not be allowed in lieu of any such bonds.
Such appeal shall not prevent the collection of such assessments being proceeded with, nor stay such collection in any way, if the district or any petitioner for the appeal execute bond, with good security, payable to such appellant, and conditioned to hold such appellant harmless against loss, and to abide by and perform the judgment of the court, if such appeal is successfully prosecuted.
Such bond, if given by the district, may be executed as provided by § 69-5-503; and such bond to hold harmless, may be executed before and accepted by the county clerk at any time after such appeal is perfected by the landowner, tenant, or encumbrancer, and a certified copy of the same shall be sent to the circuit court.