The court, or a judge thereof, upon—

(1) application of the party when property has been attached and

(2) execution to the United States of a penal bond, approved by a judge, in double the value of the property attached and conditioned upon the return of the property or the payment of any judgment rendered by the court

(Added Pub. L. 86–682, § 9, Sept. 2, 1960, 74 Stat. 708.)