Every bond shall be signed or acknowledged before a magistrate or clerk, as the case may be, either by a company authorized to furnish bail in Puerto Rico; or by the Executive Director of the 'Expedited Bail Project', created by an Order issued by the District Court of the United States for the District of Puerto Rico on April 28, 1988, in the case of Carlos Morales Feliciano, et al. vs. Rafael Hernández Colón, et al., Civil Case No. 79-4 (PG), which for the purposes of this rule, shall be deemed to be a company authorized to furnish bail in Puerto Rico, specifically including, but without it being understood as a limitation, the authority to furnish surety or cash bail, including ten percent (10%) in cash of the total bail imposed whenever the judge or magistrate who imposes the bail, in the exercise of his/her discretion, deems it convenient or necessary to grant such benefit; be it by a surety, resident of Puerto Rico, who possesses real property in Puerto Rico not exempted from execution, for a value equal to the amount of bail, after having deducted any liens on said property, except that the magistrate or clerk before whom bond is furnished may allow more than one surety to ecution, for a value equal to the amount of bail, after having deducted any liens on said property, except that the magistrate or clerk before whom bond is furnished may allow more than one surety to bind themselves severally in lesser amounts, provided the total of the individual obligations is equal to twice (2) the amount of the bail. Wherever the term 'sureties' is used in these rules, it shall be construed to read 'surety or sureties'. History —June 13, 1968, No. 84, p. 151; July 14, 1993, No. 24, § 1.
Puerto Rico Legal Code