Justification of sureties on bonds of bidders

§ 6419. Justification of sureties on bonds of bidders (a) The Postmaster General shall direct the manner in which the sureties on the bond of a bidder for the transportation of mail are approved. (b) Before the bond of a bidder is approved the sureties shall submit signed statements that they are owners of real estate worth in the aggregate a sum double the amount of the bond, over and above all debts due and owing by them, and all judgments, mortgages, and executions against them, after allowing all exemptions of every character whatever. Accompanying the statement and as a part thereof, 74 Stat. 701 there shall be a series of written interrogatories, prescribed by the Postmaster General, and answered by the sureties showing— (1) the amount of real estate owned by them; (2) a brief description and the probable value thereof; and (3) where it is situated, and in what county and State evidence of ownership is recorded. (c) If a surety knowingly submits a false statement under the provisions of this section he shall be punished in accordance with the provisions of section 1001 of title 18. (d) Subsections (b) and (c) of this section do not apply to corporate sureties qualifying under title 6.