Action on bond

In default of the prompt payment of all such taxes, licenses, assessments, contributions, damages, penalties and interest thereon, as may be due by any such contractor, a direct proceeding on the bond may be brought in any court of competent jurisdiction by the proper officer or agency having lawful authority so to do, to enforce such payment. The right to so proceed in this matter is cumulative and in addition to such other remedies as may now be provided by law. Acts 1947, ch. 33, § 2; C. Supp. 1950, § 7955.1 (Williams, § 1689.7); T.C.A. (orig. ed.), § 12-424. In default of the prompt payment of all such taxes, licenses, assessments, contributions, damages, penalties and interest thereon, as may be due by any such contractor, a direct proceeding on the bond may be brought in any court of competent jurisdiction by the proper officer or agency having lawful authority so to do, to enforce such payment. The right to so proceed in this matter is cumulative and in addition to such other remedies as may now be provided by law. Acts 1947, ch. 33, § 2; C. Supp. 1950, § 7955.1 (Williams, § 1689.7); T.C.A. (orig. ed.), § 12-424.